Western Cape government: SA’s cannabis industry worth as much as R28billion

The Western Cape government says the introduction of cannabis to the agricultural sector will create over 25,000 job opportunities.

It announced an implementation framework to introduce cannabis to the province’s agricultural sector this week.

It said the plan would launch cannabis as a role-player in economic development, by creating job opportunities and alleviating poverty.

According to the government, the plan would formalize the sector for informal producers and processors of cannabis.

Western Cape MEC for Agriculture Ivan Meyer said the cannabis industry in South Africa was valued at as much as R28 billion.

“The plan aims to mainstream production and agri-processing, secondly to promote cannabis and hemp as a rotational crop in the industry, and also to evaluate measures to protect and promote the unique Western Cape hemp and cannabis features,” said Meyer.

-EWN

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