South Africa is developing a strategy for the industrialisation and commercialisation of cannabis. The Cannabis Master Plan targets legislative reform, the development of a national seed supply system, formal education initiatives, and financial assistance for new small-scale and traditional growers.
The potential size of South Africa’s commercial cannabis industry is estimated to be worth around R28 billion and has the potential to create up to 25,000 jobs, according to the Department of Agriculture, Land Reform and Rural Development (DALRRD).
But current legislation, despite the private use of cannabis being decriminalised by the constitutional court in 2018, is a major hurdle in realising the economic potential of commercialisation.