The CBD oil industry is in its infancy in South Africa, but is on a rapid growth trajectory and has the potential to grow into a multi-billion rand industry over the next decade. CBD oil pioneer Anthony Cohen delves into the positives, and negatives, of the burgeoning business.
There is a lot of sensationalism, mistrust and misconception around both the sale and consumption of CBD products. We’re now seeing people jumping on the bandwagon with a range of local and imported products available. A burgeoning cottage and home industry is springing up, with the public now able to buy equipment to make products at home for personal use or to sell them online, or at retail outlets.
But there are many dangers and pitfalls for both the consumer and the producer to be aware of.
We are now working with the regulators to create a viable, regulatory framework for the sale of honest, legal CBD products that have been analysed, certified and tested, in order to protect both the public and the industry itself.
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