Despite promising a ‘fully fledged cannabis industry’, small cannabis and hemp growing businesses struggle to obtain licenses and secure funding because government can’t get it together.
Despite promises of creating a fully-fledged cannabis industry in South Africa, small businesses hoping to enter the market exhibiting a “gold rush” continue to be left high and dry when it comes to obtaining licenses and funding.
Small businesses looking to be part of this “fully-fledged industry” have been unable to secure funding, given that many government departments have been on different pages and paces when it comes to amending existing and introducing new legislation and policies for cannabis in the country, ultimately leaving private industries in limbo.
Presenting its view to parliament, SAHPRA called on the government to take action to allow optimal participation by small growers. One of the business owners presenting to parliament, Ben Sassman from Hemp4Life, said that despite having multi-million rands’ worth of purchase letters of intent for his CBD products – which would see a large farm employing many people from the community – he could not get funding.
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