Fact or fable: Will cannabis be Africa’s economic saviour?
For Africa’s cannabis industry to be viable, a sizable local market is necessary, as legalising for export may not bring in the returns that member states desire
Sunday, July 18, 2021
In recent years several African governments have changed their stance and implemented policies that legalise cannabis cultivation, manufacturing and processing, mostly for the export market. In southern Africa, Lesotho led from the front with South Africa, Zimbabwe, Malawi, Zambia and Eswatini also coming to the party in an effort to capitalise on what has been positioned as a future answer to dwindling foreign currency earnings for crops such as tobacco. What is enticing for these states is the existing size and purported potential of the industry over the next few years. (See also: A Sustainable Future for Cannabis Farmers)