Lesotho has launched its first contract scheme for growing medicinal cannabis, a sign of the boom in medical cannabis projects in Africa.
Highlands Investments, a cultivator of medical cannabis – tetrahydrocannabinol (THC) and cannabidiol (CBD) – is only able to sell and ship products to markets and customers who are legally entitled to receive products in their markets.
Therefore, according to Mark Corbett – the managing director of Corbett Investments, from Lesotho – THC medical cannabis output is generally bound for the EU and Australian markets, where medical cannabis is legal.
In January, Highlands launched Canna-Tract, which is billed as Africa’s first cannabis contract-cultivation scheme.
Clients pay either $180,000 per half hectare or $300,000 per full hectare upfront or in instalments, then contract Highlands Investments to grow commercial volumes of medical-grade cannabis at its two sites in Lesotho.
Read more at theafricareport.com