Cannabis in Africa: South Africa, Zimbabwe and Les
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Posted On: 06/03/2019 2:33:25 PM
Cannabis in Africa: South Africa, Zimbabwe and Lesotho Leading the Way
April 5, 2019 By Nick420
Is there a sense of deja vu as the pendulum begins to swing back toward tolerance nearly a century later? Nathan Emery, founder and CEO of Zimbabwe-based Precision Cannabis Therapeutics, is quoted on the impending corporate scramble for South Africa and its neighbors: “The major cannabis companies like Canopy Growth are lobbying the [ruling] African National Congress (ANC) tightly.
Supreme Cannabis has already partnered with the main monopoly player in Lesotho, MediGrow Lesotho, which is highly politically connected, and Canopy has secured a license without a production plan as well; all to gain a foothold into the South African market.”
Although the report doesn’t spell it out explicitly, this may point to the return to a kind of cannabis mercantilism, with big foreign companies reaping the profits of the new sector. The report does note the need for “corporate social responsibility,” such as “providing much-needed infrastructure.” But this is a very different thing from local control, and if the record set by previous foreign industrial interests in Africa is any judge, only enough infrastructure investment will be made to assure continued profits.
https://www.nickadamsinamerica.com/2019/04/05...g-the-way/
April 5, 2019 By Nick420
Is there a sense of deja vu as the pendulum begins to swing back toward tolerance nearly a century later? Nathan Emery, founder and CEO of Zimbabwe-based Precision Cannabis Therapeutics, is quoted on the impending corporate scramble for South Africa and its neighbors: “The major cannabis companies like Canopy Growth are lobbying the [ruling] African National Congress (ANC) tightly.
Supreme Cannabis has already partnered with the main monopoly player in Lesotho, MediGrow Lesotho, which is highly politically connected, and Canopy has secured a license without a production plan as well; all to gain a foothold into the South African market.”
Although the report doesn’t spell it out explicitly, this may point to the return to a kind of cannabis mercantilism, with big foreign companies reaping the profits of the new sector. The report does note the need for “corporate social responsibility,” such as “providing much-needed infrastructure.” But this is a very different thing from local control, and if the record set by previous foreign industrial interests in Africa is any judge, only enough infrastructure investment will be made to assure continued profits.
https://www.nickadamsinamerica.com/2019/04/05...g-the-way/
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