National strategy could create 25,000 jobs and help attract foreign investment.
South Africa’s government unveiled a master plan aimed at harnessing a 28-billion-rand (US$1.9 billion) cannabis industry that could potentially create as many of 25,000 jobs and help attract foreign investment.
“Establishment of the cannabis industry will lead to diversification of the economy and thus increase economic growth, create jobs and for poverty alleviation,” the department said Wednesday in a presentation to lawmakers. It identified legislative restrictions and “the threat of takeover or dominance” by well-funded companies and pharmacy groups as the main challenges to the industry.
– Read the entire article at Financial Post.
