South African countries poised to capitalize on cannabis industry

An ultra-modern ventilation system blows gentle wind over thousands of hemp plants. The cultivation does not exactly correspond to the usual cliché. The plants do not grow secretly in illegal sheds or on mountain slopes, but in 18 industrial greenhouses in Lesotho.

It is medical cannabis grown in the small kingdom that is completely enclosed by South African territory. The greenhouses may only be entered with rubber gloves and protective clothing.

Bothma pointed out that the market requires a high proportion of cannabidiol active ingredients (CBD). “Our plants have a lot of CBD and only a small amount of the narcotic THC. We extract the CBD right here on the premises and in such a way that we achieve the best possible quality.” Medigrow’s products are exported to Canada. Other countries, which could, at least theoretically, turn into global producers, also have their eyes on the international market.

Sibusiso Xaba is head of the “Africa Cannabis Advisory Group”. The company offers consulting and analyses. The potential of hemp is enormous, Xaba enthused. Now it has to be thought through very well how the local hemp industry should be built up.

Read more at born2invest.com


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