WATCH: Calls for growth in the local cannabis industry

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The Eastern Cape government plans to grow the local economy by supporting entrepreneurs in the cannabis industry.

Chief economist at the Agricultural Business Chamber of South Africa Wandile Sihlobo says the industry offers untapped opportunities to create jobs."I think we are beginning to think about what would be the clear legislative framework and not only at growing it for recreational use, which has been dominate, but rather explore some of the opportunities either on the industrial or on the medical side because those investments would themselves bring job opportunities", said Sihlobo.

Sihlobo says it is important to have clear policy frameworks that will allow provinces to have the same set of rules and regulations which would govern the sale cannabis."Seeing the Eastern Cape trying inroads on advancing the investment and thinking about this, in that particular province, it might be a good thing but we do need to have coherence as the country."

"Not to have certain provinces moving way ahead of other provinces. To be able to set a clear policy framework, such as, under what conditions can this be grown, what should the licensing regime be and also look at the costing."

 

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