Africa

What is the Potential of Africa in the Global Cannabis Industry?

The global cannabis industry has an emerging new player, who could contribute significantly to revenues should they legalize cannabis as a whole: Africa. According to a 2019 report, the continent’s legal cannabis industry could be worth over $7.1 billion each year by 2023. It may be a glacial pace until they get there, but the budding market is continuing to grow. Culturally speaking, cannabis has already been used in Africa for thousands of years. They have incorporated it in traditional herbal medicine during ancient times, while it’s only now that the rest of the world catches up. The report states […]

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Jay-Z ventures into America’s $130bn cannabis industry with his own brand – Face2Face Africa

The marijuana industry in the U.S. is booming and attracting some of the world’s renowned celebrities and business owners. The industry is estimated to pomp up to $130 billion on an annual basis into the U.S. economy by 2024, according to Marijuana Business Factbook. Marijuana Business Factbook further estimates legal cannabis sales increased from $38 billion-$46 billion in 2019 to $106 billion-$130 billion by 2024 – a 181% increase. And according to the U.S. Bureau of Economic Analysis, the $130 billion figure is similar to the 2019 gross domestic product of Nebraska’s $129 billion. The profitable nature of the cannabis business […]

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Rwanda approves cannabis production for export – The East African

By IVAN R. MUGISHA Rwanda has approved the cultivation and export of cannabis even as the use of the stimulant for medical or recreational purposes remains illegal in the country. The government is targeting to grow its export earnings from the global cannabis market valued at the $345 billion according to analysts New Frontier Data. The decision has caused confusion with some warning it could be detrimental to the youth if tough controls are not enforced. Rwanda’s Minister of Health Dr Daniel Ngamije said that despite the government’s intention to profit from the production and export of marijuana, its use […]

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CBD Treats for Dogs: How It Helps with Anxiety and Stress – The African Exponent

If you’re coming home to a mess every single day, you might want to think about some of your habits. If the mess has nothing to do with you, then you might want to think about talking to the other people living with you. However, if you have no other people are living with you or they aren’t responsible for the messy areas, then, my guess is that you have a dog! Coming home to chewed shoes and furniture, shredded pillows, overturned garbage cans or similar messes that you weren’t expecting can mean only one thing. Your dog has separation […]

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Nuclear Plants, Cannabis Seen Spurring South African Revival – Bloomberg

LISTEN TO ARTICLE SHARE THIS ARTICLE A draft plan aimed at reviving the South African economy in the wake of the coronavirus provides the first hints of how programs ranging from infrastructure investment to improving public transport will be funded. The government began drafting the plan in conjunction with business and labor groups several months ago in a bargaining forum known at the National Economic Development and Labour Council. A version that was discussed by the cabinet this week and seen by Bloomberg reiterates calls made in previous drafts for massive spending on power stations and transportation links. New suggestions […]

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Nuclear plants, cannabis can boost South African revival – BusinessTech

A draft plan aimed at reviving the South African economy in the wake of the coronavirus provides the first hints of how programs ranging from infrastructure investment to improving public transport will be funded. The government began drafting the plan in conjunction with business and labor groups several months ago in a bargaining forum known at the National Economic Development and Labour Council. A version that was discussed by the cabinet this week and seen by Bloomberg reiterates calls made in previous drafts for massive spending on power stations and transportation links. New suggestions include establishing a cannabis industry and […]

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African Govt To Regulate Vaping Based On Scientific Approach – – Technology Times Pakistan

Governments Should Regulate Vaping Based On A Scientific Approach That Would Allow Users To Be Informed Of Facts, Say Industry Players. This startling admission followed a “vaping conversations” webinar conducted by the Vapour Products Association of SA (VPASA), during which the panellists agreed that science-based regulation was vital to educate consumers and end the ongoing controversies around vaping safety. The panel, which was made up of industry leaders and addiction experts from around the world, said regulation would also help the industry comply with the objectives of the UN’s Convention Framework on Tobacco Control (CFTC), to which SA is a […]

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CBD Oil Market (Middle East and Africa)-Industry Share, Size, Trends, Business Growth, Revenue, Dema – PharmiWeb.com

Middle East and Africa CBD Oil Market Report from DBMR highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns& country along with competitive landscape, player’s market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. DBMR analyses that the Middle East and […]

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5 Things You Need To Know About CBD Vape Cartridges – The African Exponent

There are so many things we still don’t know about cannabis, am I right? This plant is so fascinating and so mysterious that it keeps eluding all of our attempts to finally completely understand it. Yet, the things we already know are more than enough to realize once and for all that there is much more to this plant than the psychoactive properties that people are associating it with. Read this to learn about its most important compounds. The compound that we have been learning about a lot lately is called Cannabidiol. Luckily, this substance is not that elusive and […]

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