The Eastern Cape aims to establish itself as South Africa's primary cannabis production hub, and a cannabis firm's R246 million pledge for 2024 and nearly R1 billion planned investment over the next five years is set to give the province a big boost in this goal.
That is if the Premier gets his wish to adopt a "sandbox" approach, where special cannabis zones will be exempt from restrictive commercial national cannabis legislation.
On 29 April 2024, cannabis consulting firm Medigrow, which has thus far established 14 medicinal cannabis farms across the country, signed an investment pledge with the Eastern Cape provincial government.
This pledge will see them included in the government's Coega Special Economic Zone (SEZ), which is a prime industrial area near Gqeberha in the Eastern Cape designed to attract investment and boost manufacturing.
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