{"id":8399,"date":"2022-01-10T11:33:18","date_gmt":"2022-01-10T11:33:18","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market"},"modified":"2022-01-10T11:54:29","modified_gmt":"2022-01-10T11:54:29","slug":"record-legal-shipment-nudges-africa-towards-7bn-cannabis-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market","title":{"rendered":"Record legal shipment nudges Africa towards $7bn cannabis market"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Africa to North Macedonia on 25 December 2021, according to a statement released by the company, boosting hopes that the African cannabis market will be worth over $7bn annually by 2023.<\/p>\n

A 2020 report by Prohibition Partners estimates that the bulk of the market will reside in five countries: Nigeria ($3.7bn), South Africa ($1.7bn), Morocco ($900m), Lesotho ($90m) and Zimbabwe ($80m), if the necessary legislation is introduced.<\/p>\n

However, according to Sibusiso Xaba, co-founder and CEO of the Africa Cannabis Advisory Group, writing on bizcommunity. com, the most significant recent developments have been in South Africa, the market that he expects to be the largest by revenue.<\/p>\n

According to Xaba, over 15 tonnes of legal cannabis were exported by the continent to the rest of the world in 2021, representing a tenfold increase on 2020, with South Africa, Lesotho and Uganda among the main exporters.<\/p>\n

Despite industry concerns about regulation, he says that progress in South Africa is \u201cundeniable\u201d. The country produced a cannabis master plan and has taken steps to allow the commercial cultivation of hemp, a botanical class of cannabis that contains less THC, the psychoactive compound that causes a \u201chigh\u201d.<\/p>\n

Going a step further, University of Cape Town lecturer Nqobile Bundwini claims in a recent research paper that if cannabis were destigmatised and allowed to flourish, it could revive the ailing South African economy.<\/p>\n

Despite being the world\u2019s most commonly cultivated drug, getting investors on board to develop the industry remains a problem, she says. \u201cThe cannabis industry is massive. But the stigma attached to it results in endless challenges.<\/p>\n

A lack of knowledge about the industry, legal red tape, a lack of funding and limited banking options, and widespread social disapproval are just a few of the pain points,\u201d she told I\u00e9mah Davids of the University of Cape Town News.<\/p>\n

\u201cI feel that South Africa has a tendency to lag behind and not optimally use its rich resources. And if we don\u2019t, we will get left behind \u2013 in a situation where we should in fact be the pioneers, and leading from the front.\u201d<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Africa to North Macedonia on 25 December 2021, according to a statement released by the company, boosting hopes that the African cannabis market will be worth over $7bn annually by 2023. A 2020 report by […]<\/p>\n","protected":false},"author":84,"featured_media":8398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,8,16],"tags":[233,246,245],"class_list":["post-8399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"yoast_head":"\nRecord legal shipment nudges Africa towards $7bn cannabis market - Lesotho<\/title>\n<meta name=\"description\" content=\"Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Af ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record legal shipment nudges Africa towards $7bn cannabis market\" \/>\n<meta property=\"og:description\" content=\"Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Af ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-10T11:33:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-10T11:54:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"368\" \/>\n\t<meta property=\"og:image:height\" content=\"396\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Record legal shipment nudges Africa towards $7bn cannabis market\",\"datePublished\":\"2022-01-10T11:33:18+00:00\",\"dateModified\":\"2022-01-10T11:54:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\"},\"wordCount\":379,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\",\"name\":\"Record legal shipment nudges Africa towards $7bn cannabis market - Lesotho\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg\",\"datePublished\":\"2022-01-10T11:33:18+00:00\",\"dateModified\":\"2022-01-10T11:54:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Af ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg\",\"width\":368,\"height\":396,\"caption\":\"Record legal shipment nudges Africa towards $7bn cannabis market\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/lesotho\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Record legal shipment nudges Africa towards $7bn cannabis market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#website\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/\",\"name\":\"Lesotho\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Record legal shipment nudges Africa towards $7bn cannabis market - Lesotho","description":"Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Af ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market","og_locale":"en_US","og_type":"article","og_title":"Record legal shipment nudges Africa towards $7bn cannabis market","og_description":"Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Af ...","og_url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market","og_site_name":"Lesotho","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-01-10T11:33:18+00:00","article_modified_time":"2022-01-10T11:54:29+00:00","og_image":[{"width":368,"height":396,"url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Record legal shipment nudges Africa towards $7bn cannabis market","datePublished":"2022-01-10T11:33:18+00:00","dateModified":"2022-01-10T11:54:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market"},"wordCount":379,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg","keywords":["Africa Press","Africa Press-Lesotho","Lesotho"],"articleSection":["all news","economy","files","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market","url":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market","name":"Record legal shipment nudges Africa towards $7bn cannabis market - Lesotho","isPartOf":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg","datePublished":"2022-01-10T11:33:18+00:00","dateModified":"2022-01-10T11:54:29+00:00","author":{"@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Canada-based Instadose Pharma Corp completed a world record shipment of 2.125 tonnes of medicinal cannabis from South Af ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#primaryimage","url":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg","contentUrl":"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/01\/img-61dc1e5da5131.jpg","width":368,"height":396,"caption":"Record legal shipment nudges Africa towards $7bn cannabis market"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/lesotho\/all-news\/record-legal-shipment-nudges-africa-towards-7bn-cannabis-market#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/lesotho\/"},{"@type":"ListItem","position":2,"name":"Record legal shipment nudges Africa towards $7bn cannabis market"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/lesotho\/#website","url":"https:\/\/www.africa-press.net\/lesotho\/","name":"Lesotho","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/lesotho\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/8399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/comments?post=8399"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/posts\/8399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media\/8398"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/media?parent=8399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/categories?post=8399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/lesotho\/wp-json\/wp\/v2\/tags?post=8399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}