Focus on Mboweni to make announcements on cannabis industry during Budget Speech - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Recently, the Eastern Cape government announced it would support legislation that allows the production of cannabis to spur economic growth in the province. The global legal cannabis market size is increasing rapidly. Developing economies in the Southern African Development Community region are beginning to realise its potential contribution to poverty alleviation, job creation and bridging the gap between the poor and rich.

In the video below Chief Economist at the Agricultural Business Chamber Wandile Sihlobo says South Africa cannot sit aside as the world enjoys the economic benefits of the cannabis market:Rural Economic Specialist Dr Somadoda Fikeni hopes that informal cannabis farmers in the rural areas will not be forgotten.

Informal cannabis farmers in the rural areas say that the commercialisation of cannabis could affect them negatively. The Rural Development and Agriculture Ministry is adamant that the cannabis plant and by products such as tea will change the economic outlook of the province as MEC Nomakhosazana Meth elaborates.

Let us live of the land

Benji_Seitlhamo Okay...

Sa getting desperate, cannabis last result.

These people have no idea of how weed can flip things around economically speaking... Our country will make billions of money through taxes on weed...✌🏾

....

How much will be made from this? Rather bring more investment into the country and incentivize entrepreneurs who are in the economy already. Increase production and export sales. Stop corruption 🙏

We all are going to be high, lol, legally protected, has its medicinal benefits fully been advocated to all

The only painful thing about this. People know or have a better understanding how grow cannabis. Their are not going to get that opportunity through red tapes 💔

Cadres will get the Tenders or rights to grow, process, licence, inspect or whatever

Hahahaaa he dont RESPOND TO THE SOLUTION THAT CAN MAKE SA ECONOMICAL AND INDUSTRIAL GIANTS,,

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