On May 23, 2019, as published in the Government Gazette, South Africa’s Department of Health officially removed Cannabidiol (CBD) from the Country’s Schedule 7 list of highly controlled drugs; allowing for the legal distribution of CBD products made in accordance with the government’s specified preparations.
ICC International Cannabis says the Kingdom of Lesotho, an enclave of South Africa, will act as a cultivation and production hub for their distribution network. They say they have a South African distribution network of over 2,800 independent and corporate pharmacies.
Both South Africa and Lesotho are members of the South African Customs Union (SACU), which aims to streamline the free interchange of goods between member countries. "Both South Africa and Lesotho are members of the South African Customs Union (SACU), which aims to streamline the free interchange of goods between member countries."
"Lesotho has also signed numerous international trade agreements permitting the unencumbered export of cannabis products to various jurisdictions worldwide. These trade agreements permit the unencumbered export of Lesotho’s cannabis products to various jurisdictions worldwide."
"Lesotho is a favourable jurisdiction for low-cost cannabis cultivation due to its rich soils, ideal climate, skilled agricultural work force and access to key infrastructure. It is anticipated that Lesotho will act as a staging ground for access to larger African markets that may yield greater demand potential."
ICC operations in the Kingdom of Lesotho include licences for: cannabis cultivation; manufacturing; distribution; transport; research and development; and import/export.
For more information:
Chief Executive Officer
ICC International Cannabis Corp
+001 (604) 687-2038