Lesotho aims to harvest riches from global cannabis explosion

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The tiny kingdom’s blossoming marijuana sector has already attracted investment from foreign firms

In 2018, Lesotho became the first African nation to issue licences for the cultivation of cannabis for medicinal purposes. Foreign investors including Canadian companies Supreme Cannabis, Canopy Growth and Aphria have since poured tens of millions of dollars into a handful of facilities, drawn by the low cost of production.

The company harvests a strain of marijuana with low levels of tetrahydrocannabinol — the compound that gets you stoned — to comply with regulations. It exports nonpsychoactive cannabidiol oil extracts and other medical cannabis products primarily to SA, and is working on entering markets in Europe and the Middle East, as well as Australia.CBD is a fast-growing piece of the $340bn global cannabis market.

As a medical product, it’s imperative that the CBD oil produced is standardised and uncontaminated, and quality control testing for MG Health is conducted by the independent LuCan Laboritories. Workers have to shower at work and wear layers of protective clothing, which are then washed and pressed at the end of each day.

Kotsoana Clementi, a 43-year-old who grows pot illicitly in his village about a 90-minute drive from Maseru, says he would like to partner with one of the Canadian cannabis companies on a legal business. While Clementi stands out among other villagers with his blue collared shirt, Guess jeans and polished black shoes, the operation in his small stone house lacking electricity is rudimentary.

 

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Maybe Lesotho should investigate investing in the Cannabis value chain. There is more to Cannabis than mere crop production.

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