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South Africa’s Finance Minister Hints at Cannabis Legalization

Stockhouse Editorial
0 Comments| January 10, 2020

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A top South African politician may be the country’s best bet to legalize cannabis in the future. Finance Minister Tito Mboweni tweeted out an image of a cannabis plant after pot plant popped up at personal farm, asking his followers if he should cut it down or “just legalize this thing once and for all.”

South Africa decriminalized the possession, use and cultivation of cannabis in 2018, although selling the drug remains illegal. Mboweni said in a subsequent tweet that legalizing cannabis could result in tax revenues of four billion South African rand, or about US$278 million, to the African nation.


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