AfriLeafies!
It has been an exciting two weeks with many new developments across the African continent. We wanted to summarise the latest for everyone. As Jeremy Klettke recently put it “The Dominoes Continue to Fall in Africa.” We love this line and it is perfectly applicable. Let’s start our journey in South Africa and travel east to Eswatini then go north to Rwanda and finally end our journey in Morocco. Join us for this adventure!
1. SOUTH AFRICA: President to puff, puff, pass Cannabis Bill into law. Fluctuations and regulatory challenges persist but there is significant progress since 2018, when the Constitutional Court of South Africa unanimously ruled that the personal and private use of cannabis, by adults, would be decriminalized. The following news report brings the latest on these developments https://lnkd.in/e93gF-D4
2. SOUTH AFRICA: Cilo Cybin launches IPO with plans to list on the JSE. Cilo Cybin opened to the public last week – just as ‘massive regulatory change’ became likely in SA – with 12 April as the closing date, although the board retained the right ‘to close the IPO as soon as we hit the 10% target of around R7.1m’: Cilo Cybin CEO Gabriel Theron. For additional details on the IPO and to hear from the CEO follow this
link: https://lnkd.in/dMr2FYwN
3. RWANDA: King Kong Organics (KKOG Rwanda), subsidiary of KKOG GLOBAL, has become the first local company to secure a 5-year license to cultivate cannabis for medicinal purposes, extraction, and export various medicinal products.
link: https://lnkd.in/e4S_cmxw
4. ESWATINI (F/K/A SWAZILAND): Let Swazi Gold be tasted by the global masses!
Eswatini’s government, led by King Mswati III, has introduced legislation that would legalize cannabis, joining other African nations that now encourage the development for medical purposes.
link: https://lnkd.in/esgFsNqZ
5. MOROCCO: Let’s bring Moroccan Hash to the World!
Morocco’s first legal cannabis harvest was 294 metric tons (294,000 Kilograms!!) in 2023, after the country approved its cultivation and export for medicine and industrial uses, the cannabis regulator has said. The harvest was made by 32 cooperatives that brought together 430 farmers covering 277 hectares in the northern Rif mountain areas of Al Houceima, Taounat and Chefchaouen, ANRAC claimed.
link: https://lnkd.in/eKvp_M7D
