At SONA, President Cyril Ramaphosa said this year SA will open up and regulate the commercial use of hemp products, providing opportunities for small-scale farmers. But while the economic-growth potential for commercial cannabis in Africa is huge, there is no State regulatory coherence on cannabis for private use.
Experts are anticipating the imminent arrival of brand banks in SA. As retailers are looking to monetise their customer trust, the Big 5 banks in SA are going to get caught out as big brands partner with second-tier banks to pursue meaningful client acquisition.