"South Africa well-positioned to become leader in cannabis production"

South Africa has the potential to position itself as a global player in the global cannabis market. This was according to Stephen Murphy, CEO of Prohibition Partners, speaking during an online media briefing hosted by the European Delegation to South Africa.

Murphy said regulatory progress made in the past five years had allowed South Africa to catch up with other countries that had legalized cannabis production earlier. To date, the South African Health Product Authority had issued 55 cannabis cultivation permits.

Limited access to the legal, medical market for patients, equity concerns with regard to traditional farms, and the scope of hemp licenses were nevertheless holding the industry back, he said.

Despite this, South Africa had several advantages that could help turn it into a global cannabis leader, he said.

To read the complete article, go to www.farmersweekly.co.za

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