With finance coming in from foreign companies like US-based King Kong Organics, Black farmers like Nyanungo, 35, who have struggled to prosper in Zimbabwe’s dysfunctional economy are looking to branch out into cannabis.
The global cannabis industry could be worth $272 billion by 2028, according to Barclays analysts, and Zimbabwe’s Finance Minister Mthuli Ncube has said Zimbabwe is targeting at least $1 billion of that more than it currently makes from tobacco. But challenges remain not least the huge cost of getting set up amid tight regulations, such as the requirement to use a greenhouse to meet the criteria for ‘organically grown’ cannabis necessary to be able to sell it to the medical market.
That, he said, brings the cost of a single hectare of cannabis up to $2.5 million. He and other producers are currently lobbying the government to relax the rules and lower the risks.
All the best, I hope Zim becomes the industry leader for Africa and not these clowns in government here in S.A.
When planning to boost the economy through mass farming of medicinal Marijuana or cannabis,why make those linscences unaffordable to the majority of the people who must partake in the exercise
That is a perfect idea ❤️🇿🇼 Ehobis standing in their way?
Protect the indigenous Zimbabwean Farmers.
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