Finance Minister Tito Mboweni on cannabis, Legalise it
Finance Minister Tito Mboweni says legalise it. He’s taken to social media saying that the legalisation of cannabis could give billions in tax money to SARS.
Legalize it, don’t criminalize it!! pic.twitter.com/sCWUoJFVn3
— Tito Mboweni (@tito_mboweni) February 2, 2020
A senior economist agrees, saying that South Africa can’t afford to ignore the economic benefits of decriminalising it. The business of cannabis is booming and the industry has the potential to generate billions of rand for the fiscus.
“There’s a lot of benefits. South Africa cannot miss out,” said Wandile Sihlobo, Agbiz senior agriculture economist.
It’s especially the rural areas that will benefit from the development of the industry. Lesotho was the first African country to decriminalise cannabis, while Botswana, Swaziland, Zimbabwe and Uganda are at different stages of issuing their licenses. South Africa’s current regulatory and policy framework prohibits the development of the cannabis industry.
Legalizing this thing = more tax revenue. I need more tax (money) urgently!! Radical Economic Transformation!! pic.twitter.com/y0Qs92Myn1
— Tito Mboweni (@tito_mboweni) February 2, 2020
In other news – Shauwn Mkhize splits Mzansi after airing funeral on her TV show #KwaMaMkhize
Shauwn Mkhize has fast become a popular celeb in Mzansi – Her TV show, Kwa Mam’Mkhize, is a fan favourite that has peeps glued to their screens.
The latest episode had people confused though – it showed a funeral and not everyone was comfortable. Fans of Kwa Mam’Mkhize were left feeling a little uncomfortable with the latest episode. Read more
Source: eNCA
