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Black farmers in South Africa protest 'exclusion' from marijuana licenses in favour of rich white businesses


Black farmers in South Africa protest exclusion from marijuana licenses in favour of rich white businesses
Rural black farmers have been cultivating the plant for decades but say they are locked out of the multi-billion-dollar industry
The cash-crop grows easily in South Africa’s climate
Credit: Lauren DeCicca/Getty Images
Black farmers marched on Pretoria on Thursday claiming they are being excluded from marijuana licenses in favour of rich white-owned businesses.
The Black Farmers Association of South Africa (BFASA) accused the minister of health, who oversees the medicines regulator, of issuing licenses to white people and foreigners to the black community s deliberate exclusion. ....

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Dagga presents a 'greener' pasture for the country's economy


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Dagga presents a ‘greener’ pasture for the country’s economy
South Africa has a massive investment potential in cannabis industry, should it be granted a ‘professional’ 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. ....

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