Health

“Africa will become the cannabinoid production centre” – Expert says

Last updated on September 11th, 2021 at 03:13 pm

Africa is likely to become one of the world’s top medical cannabis growers, a group of researchers, scientists and entrepreneurs said on Monday.
Jordan Curl, Cultivation and Extraction Specialist at Israeli Cannabis Research and Investment firm ICAN told more than 500 delegates at the CannaTech conference in Cape Town, South Africa.
“Africa will become the cannabinoid production centre of the world,’’ Curl said.
According to a report by London-based industry body Prohibition Partners, the African cannabis and associated products market is expected to be worth 7.1 billion dollars by 2023.
With the abundant land, a large labour force and an ideal climate for cannabis cultivation, investors have been keen to scout out the continent, and particularly southern Africa. Africa offers growers clean soil, little pollution and many high-quality strains of CBD, one of the most abundant cannabinoids found in hemp, ideally positioning the continent for global exports, according to Curl.
“The EU is in turn likely to become one of the biggest retail market spaces because there is mass demand for CBD but lack of infrastructure to grow and extract,” Curl said.
South Africa is leading Africa’s entry into the global market together with neighbouring Lesotho and Zimbabwe, having recently granted licenses to grow and export legal medical cannabis.
Several other nations, including Swaziland, Uganda, and Malawi, are currently examining legalising cannabis cultivation for medical or industrial applications.
An expansion into Africa is, however, not without challenges, as the legal status of medical cannabis varies from country to country, and in some countries, legislation remains unclear.

Albert Echetah

Recent Posts

Protesters Demand Wealthy NationsPay Fair Share in Climate Finance amidCOP29

This Thursday morning, some fifty protesters gathered at the COP29 venue's gate, calling onrich countries to fulfill their financial pledges…

November 14, 2024

International Day for Tolerance – UAE is “Home for all” and a “beacon of Tolerance”

The United Arab Emirates (UAE) has always been considered an important player in the international business environment. But beyond the…

November 14, 2024

Trump chooses Elon Musk to head government efficiency department

Billionaire tech entrepreneur Musk, who has called for major spending cuts, has been chosen alongside biotech investor Vivek Ramaswamy to…

November 13, 2024

10 Must-Try African Dishes

African cuisine is a delightful combination of flavors, colors, and interlocking textures owing to the variety of cultures and areas.…

November 13, 2024

Somaliland Holds Elections, Reaffirming Self-Declared Independence

Somaliland voters came to the polls on Wednesday to elect a president as the breakaway Somali region seeks international recognition…

November 13, 2024

The 2025 Champions Trophy could be moved to South Africa if Pakistanrejects ICC conditions

The ICC Champions Trophy 2025 could be moved to South Africa if the Pakistan CricketBoard (PCB) rejects the hybrid model,…

November 12, 2024

This website uses cookies.