Multiple Countries in Africa Clearing the Way for Legal Cannabis Framework

By BCB Staff Writer

Marketing intelligence firm Prohibition Partners estimates Africa’s Cannabis market will be worth as much as $7.1 Billion by 2023. Led by Lesotho, the first country in Africa to grant an administrative license for the cultivation of marijuana, other countries that have followed the legalization suit are: South Africa, Zimbabwe, Nigeria, Morocco, Malawi, Ghana, eSwatini and Zambia. 

In many countries where cultivation is legal, so is the consumption of cannabis for medical purposes. In Rwanda and Uganda, for example, the plant is grown strictly for export purposes, the economic incentives too high to ignore, though, these regulations could quickly change or evolve. By improving regulation and legal environments, African countries are leaning on investment and technology to cultivate their lands, establishing industries to process and export cannabis products or exporting raw products. The states earn revenue from granting local licenses and taxing within the sector.

While many countries are seeing a boost because of these innovative methods of revenue, other countries, like Kenya are experiencing tremendous push-back because of religion and negative perception. Activists like the Rastafarian Society of Kenya say the movement to decriminalize is at an impasse. Followers of the religion have filed a petition to decriminalize the use of cannabis for spiritual purposes. 

Meanwhile in South Africa, the continent’s most industrialized economy, cannabis giants like Goodleaf are ushering in the cannabis industry with aplomb. South Africa is poised to take the biggest share of the African legal market, estimating the country will hit about $2 Billion. Officials in the country have a plan to industrialize and commercialize cannabis to support economic growth, create jobs and tackle poverty.

The trends are different all over the nutrient-rich continent and the underground markets are preparing to lean into legalization. 

You might be interested in ..

60 New Craft Grow Licenses to be Awarded in Illinois

Newcomers hoping to join the emerging market of the cannabis industry in Illinois can breathe …

Massachusetts Cannabis Industry Tax Outpaces Alcohol for First Time

The Massachusetts cannabis market is rooted in history, with the first recreational retail shops on …

Drone

Aerial Compliance

California has become synonymous with the legalized cannabis movement since 1996, when Proposition 215, or …

Black Cannabis Entrepreneurs: Don’t Miss This Read About Additions to the CBD Advisory Board

When you think of the relationship between marijuana legalization and the United States Drug Enforcement …

The Massachusetts Cannabis Commission Has Changes in Store for Black Owned Cannabis Companies

The Massachusetts Cannabis Control Commission is at it again. The Massachusetts Social Equity Fund is …

Leave a Comment

Your email address will not be published.

SUBSCRIBE TO BLACK CANNABUSINESS NOW

Scroll to Top