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Dagga presents a âgreenerâ pasture for the countryâs economy
South Africa has a massive investment potential in cannabis industry, should it be granted a âprofessionalâ chance.
By Palesa Mofokeng
4 Mar 2021 12:00
Image: REUTERS/Mike Hutchings
The global movement to legalise cannabis has seen South African investment fund, SilverLeaf Investments, set up a fund to drive the professionalisation of the emerging sector.
The global legal cannabis market is currently estimated to be around $30 billion and anticipated to reach somewhere between $75 billion and $100 billion by 2030. Locally, The Cannabis Development Council of South Africa projects a market worth R27 billion by 2023 under its Rapid Economic Recovery Plan.