Greening the Economy

Greening the Economy

SONA 2022 saw President Cyril Ramaphosa announce that South Africa is building a multibillion-dollar cannabis and hemp industry with the hopes of creating approximately 130 000 jobs to fight record unemployment levels. In 2020, the global medical cannabis was worth approximately $7.8 billion (R117.5 billion), and is expected to grow at a compound annual growth of 15.3% through 2026. The latest MAPS data suggests over 1m people in SA use cannabis.

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