Simnikiwe Hlatshaneni
Premium Journalist
8 minute read
2 Sep 2021
5:23 pm

Dagga: SA must ‘free the herb’ to tap into R50 billion goldmine

Simnikiwe Hlatshaneni

The Cannabis Bill is said to still focus too much on criminalisation, while there is an opportunity to create thousands of jobs and wealth.

Cannabis sativa plant. Picture: Supplied

The budding cannabis industry could inject as much as R50 billion into South Africa's economy, while creating as many as 25 000 jobs, if government and lawmakers play their cards right. These figures are based on a recent recent estimate by the African Cannabis Advisory (ACA) Group, who say a well-built legal framework and regulatory system is needed to unlock the potential of the cannabis industry. Parliament is currently taking public submissions on the Cannabis For Private Use Bill, an event which has roused fresh calls for proper cannabis legalisation and regulation, in order to free the market for legal...