Report: Cannabis Industry Poised for Massive Growth in Africa
Mon / Dec 12th
The legal cannabis industry in Africa is poised for massive growth with a recent report estimating the market could be worth more than $7.1 billion by the end of 2023.
African cannabis use dates back further than the recent global legalization push. History shows that some ancient African tribes used cannabis before battle. Now, some countries in Africa have optimal weather and soil conditions for cannabis cultivation. For this reason many investors and businesses are looking to scale cultivation in the continent. Read on for articles all feature African cannabis business:
Mon / Dec 12th
The legal cannabis industry in Africa is poised for massive growth with a recent report estimating the market could be worth more than $7.1 billion by the end of 2023.
Wed / Sep 28th
In less than a decade, the cannabis industry has gone from seeing a worldwide blanket prohibition of the plant to today, where new and exciting cannabis opportunities can be found across the globe.
Tue / Jul 20th PRESS RELEASE
Stellar Group of Advisors to Influence AphriHelios’ Strategy AphriHelios Global LLC, poised to become the leading vertically integrated cannabis company… Read More
Thu / May 13th
African nations including Malawi and Zimbabwe are looking to diversify their agricultural programs with cannabis as worldwide demand for tobacco diminishes.
Fri / Feb 26th
Lawmakers in Morocco are set to legalize the production and use of medical cannabis products as soon as next week.
Wed / Oct 14th
New rules for the cultivation, processing, and export of medical cannabis in Rwanda were approved by officials there on Monday.
Fri / Aug 7th
South Africa Cabinet officials have advanced a bill legalizing the adult use of cannabis; the measure comes three years after a High Court ruling declared that cannabis prohibition was unconstitutional.
Thu / Apr 16th
Canopy Growth Corp. has announced a series of changes for the Canadian company, including shutting down all of its operations in Africa, moving to an asset-light model in Latin America, and exiting the U.S. hemp cultivation scene.
Tue / Feb 25th
South Africa officials have approved the development of a cannabis college for training potential industry workers in cultivation and distribution.
Wed / Dec 11th PRESS RELEASE
Creso Pharma Ltd (ASX: CPH) has established itself as an early mover within the medicinal cannabis sector, as the global cannabis market is expected to reach US$272 billion within the decade.
Tue / Sep 3rd
A medical cannabis product shipment by Industrial Globus Uganda Ltd. has been approved by European Union inspectors; the shipment contains THC- and CBD-rich cannabis meant for Sativex drug production.
Wed / Aug 7th
Officials in Zimbabwe announced a plan to legalize hemp and export hemp-based products to the global market.
Fri / May 31st
Zimbabwe’s first medical cannabis farm will be a 10-hectare plot at a prison. The license was granted nearly one year after the government legalized cannabis cultivation for medical and scientific purposes.
Tue / Sep 18th
The South African Constitutional Court has ruled that the personal use of cannabis is no longer a criminal offense, according… Read More
Wed / May 30th
Canadian medical cannabis firm Canopy Growth has acquired Kingdom of Lesotho-based Daddy Cann Lesotho PTY Ltd, trading as Highlands, which… Read More
Mon / May 21st
Zimbabwe is backing off medical cannabis cultivation licensing plans after receiving wildly varied estimates from the 350 applicants interested in the… Read More
Mon / Apr 30th
Zimbabwe has opened applications for licenses to cultivate cannabis for medical and research purposes, according to a Reuters report. The… Read More
Mon / Jul 10th
A cabinet minister in Zimbabwe has announced that the African nation is considering legalizing medical cannabis partially in an effort… Read More
Fri / Mar 31st
South Africa’s Western Cape Town High Court has ruled that it is unconstitutional to prohibit cannabis use by adults in… Read More
Wed / Mar 8th
South Africa’s Medicines Control Council has drafted guidelines for medical cannabis cultivation and processing, setting the standards producers would need… Read More
Thu / Mar 2nd
Zambia Home Affairs Minister Steven Kampyongo has signed a ministerial statement legalizing personal cannabis cultivation for medicinal use, according to… Read More
Mon / Feb 20th
South Africa has legalized cannabis for medicinal use as the Medical Control Council announced it would publish guidelines for medical… Read More
Tue / Nov 29th
South Africa’s Parliament has announced that the Department of Health will begin regulating medicinal cannabis for a variety of chronic… Read More
Fri / Oct 7th
Researchers from Potchefstroom, South Africa’s North-West University’s biochemistry department, suggest that CBD extracts inhibit cell growth and induce cell death… Read More
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