Cannabis Production in SA

5 minutes

Produced for CNN Marketplace Africa

According to a recent report by Grand View Research the global legal cannabis industry was worth approximately $24.6 billion in 2020 and is set to increase by more than 14% each year over the next 7 years. Across Africa, the legal cannabis market is expected to exceed $7 billion by 2023. But it’s medicinal cannabis specifically that’s piquing the interest of investors. South Africa is one of the few on the continent that permit the cultivation of medical cannabis. Cannsun was among the first few companies to receive a license.