Last week saw South Africa in the limelight following our Presidents Speech at SoNA 2022. Government is said to be fast-tracking regulations to allow the development of this budding industry. It is believed the Cannabis industry has a huge potential for creating job opportunities as well as assisting South Africa get back on track following the set back of the COVID-19 Pandemic. There is huge potential for Investors to get on board at this early stage to build a modern and economically viable large scale production hub. Beyond that, the opportunities that lie ahead for this unique product are endless. From a medical perspective as well as an industrial one, technology is now at a point where there are a variety of options.
The full Speech from President Cyril Ramaphosa can be read below.
President Cyril Ramaphosa: 2022 State of the Nation Address | South African Government (www.gov.za)