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paljoeyon May 24, 2018 8:27am
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Africa...another product source
Africa...another product source 2018-05-24 08:08 ET - In the News
See In the News (C-WEED) Canopy Growth Corp
The Globe and Mail reports in its Thursday edition that demand from Canada's exploding cannabis industry is helping fuel an emerging new industry in Africa: the cultivation of marijuana as an official export crop. The Globe's Geoffrey York and Mike Hager write that Lesotho and Zimbabwe have become the first African countries to legalize the growing of marijuana for medicinal and scientific uses and both are eagerly exploring potential deals with North American investors.
Rhizo Sciences, a Seattle-based company, says that it is exploring how it can supply cannabis from Lesotho to licensed producers in Canada and other countries that have legalized medical marijuana.
In late March, it exported a small amount of medical cannabis from its Lesotho partner, Medi Kingdom, which it shipped to a Vancouver laboratory for analysis. Dallas McMillan, president of Rhizo Sciences, said that companies looking to invest in the region will need to spend at least $10-million to build production sites that meet the international manufacturing standards required by other countries.
African attitudes have changed sharply. The production and possession of marijuana was previously punishable by up to 12 years in prison in Zimbabwe.