Growing

The country’s cannabis industry has the potential to lift the economy from the brink of ruin, provided every effort is made to destigmatise the sector first, says Nqobile Bundwini, a lecturer at the University of Cape Town (UCT). South Africa’s cannabis sector is currently worth an estimated R28 billion.https://fe08fec365db2d00a04dd4d1f681ebef.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html As rampant unemployment, an escalating cost of living and dire socio-economic conditions continue to ravage South Africa, coupled with the result of an age-old stigma, the industry is not given the attention it …

JSE-listed industrial cannabis investment business Labat Africa has announced that it has scored a R300-million investment from US company GR Global Ventures (GRGV).  "We are pleased to have a very high-quality, sector-focused, US-based institutional investment group as one of our key stakeholders. As Labat Africa continues to mature in the personal healthcare and industrial cannabis industries, a partner such as GRGV is a key component to supporting our winning efforts," CEO Brian van Rooyen said in a statement. https://24cc614a1835ee1c526b4e1b699d01e3.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html The black-owned cannabis holding group …