The South African dagga industry could be worth R27 billion within four years – but export-quality cannabis may be a problem | BISouthAfrica
The South African market for marijuana and associated products could be worth R27 billion per year by 2023, according to a new report by Prohibition Partners.
By 2023, just four years from now, the South African domestic market for cannabis and related products – excluding consumer CBD products, will be worth around R27 billion, saysBut how much of the export market SA, and the continent as a whole, manages to secure may depend on water and irrigation infrastructure, the pro-cannabis consultancy says in its African Cannabis Report.
Much of the current crop is already grown for export, albeit illegally. Yet the likes of South Africa could struggle in a new, formal and legalised export market, Prohibition Partners warns.
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