The negative impact of the COVID-19 pandemic on our economy can be reversed if government, business and society work collectively to establish a sustainable cannabis industry as one of the interventions.
Moreover, the country is blessed with cannabis greenbelts in Stellenbosch in the Western Cape, the Pondoland in Eastern Cape, Bergville in KwaZulu Natal and other areas in Mpumalanga and Limpopo. There are literally thousands of hectares of arable land across the rest of the country that is suitable to grow cannabis.
A thousand hectares of land requires a minimum of 7,000 farm workers to plant, grow and harvest cannabis. Based on a job creation multiplier of three, this implies that a minimum of 21,000 direct and indirect jobs can be created just on cultivation only. Very quickly a target of 500,000 jobs per annum can be attainable on cultivation alone.
Cannabis is the green gold that requires implementation of a thorough and properly coordinated strategy by all stakeholders in the arena of economic development. Development funding institutions such as DBSA and the IDC have the opportunity to provide seed capital funding that can be a catalyst for mobilisation.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How the taste for sustainability will affect investment flowsA sustainability wave will remake economies and industries through capital reallocation, writes Brian Deese
Source: BDliveSA - 🏆 12. / 63 Read more »
SA Breweries cans investment projects worth R5bnBeer producer South African Breweries has canned local capital investment projects worth R5bn over the next two years due to the lockdown that has seen the sale of alcohol being suspended. The SAB said in a media statement on Monday it was cancelling a R2.5bn investment project that was planned for this year while also reviewing another R2.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Medical technology industry body slams PPE graft allegationsThe SA Medical Technology Industry Association (Samed) has hit out at allegations of the unlawful procurement of personal protective equipment and urged its members not be party to 'improper' business practices
Source: TimesLIVE - 🏆 28. / 59 Read more »