SA crafts strategy for R28bn cannabis industry

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المملكة العربية السعودية أخبار أخبار

The government has unveiled a master plan aimed at harnessing a R28bn cannabis industry that could create 25,000 jobs and attract foreign investment.

The department of agriculture, land reform and rural development led a two-year process to craft a national strategy for the industrialisation and commercialisation of the plant. The document incorporated lessons learnt from major cannabis producers including the US, Canada, Mexico and China, it said.

“Establishment of the cannabis industry will lead to diversification of the economy and thus increase economic growth, create jobs and alleviate poverty,” the department said Wednesday in a presentation to politicians. It identified legislative restrictions and “the threat of takeover or dominance” by well-funded companies and pharmacy groups as the main challenges to the industry.

The plan envisages encouraging the cultivation of hemp and marijuana, with applications ranging from medicine and food to recreational use. It endeavours to increase the volumes and variety of cannabis produced for local and export markets within an effective regulatory and legal system.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

South Africans are harnessing insangu perfectly, we don't need so-called foreign investment or investors whatever what they call them. Fokof.

What are they smoking?

only if we can legalize it.

Fck shit, the same WMC Ramaphosa government that arrest people for selling dagga.

I'm speechless seeing myself having my first paycheck after I have been screwed so many times, may God Almighty 🙏 bless you and your team Lisattownnsend

I almost lost my marriage and family earlier this year because of hardship after been scammed several times on different fake investment companies. But ever since I came across William_church0 I must tell you the truth that I have recovered all my lost fund.

OJay92122825 Mxm

They going to expropriate the land and make the unemployed cannabis, maize and potato farmers. Welcome to the Soviet Union.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

WATCH: SA cannabis company mulls IPOBusiness Day TV spoke to Cilo Cybin Pharmaceutical CEO Gabriel Theron about plans to list on the JSE I'm speechless seeing myself having my first paycheck after I have been screwed so many times, may God Almighty 🙏 bless you and your team Lisattownnsend
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