SMMEs are key to the growth of South Africa’s cannabis industry

is in full swing. Over the past few months, those diligently keeping abreast of local cannabis news may have noticed a growing tide of big business activity in the sector.

Speculative concern aside, the fact of the matter is that almost a year since President Cyril Ramaphosa swore to advance the Small, medium and micro enterprises are desperately trying to compete in the local market. These small companies are faced with a myriad of issues, including funding limitations, skills shortages, testing incapabilities, inadequate market linkages and seed supply constraints.

If we are to learn anything from the past couple of months regarding South Africa’s cannabis economy, it is that big business alone cannot develop the sector. The failed special-purpose acquisition company initiated by Cilo Cybin Holdings and the dramatic drop in the share price value of Labat are cases in point. Seasoned investors will know that, in emerging markets, big business cannot thrive without the necessary contributions of smaller firms.

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