A very insightful piece written by Andrew Bahlmann from Deal Leaders International that covers the potential of cannabis on the South African economy, the regulatory hurdles and challenges faces by businesses.
“One of the primary challenges is the lack of clear and cohesive regulations governing the cultivation, processing and distribution of cannabis. Prospective businesses face a maze of licensing requirements and bureaucratic red tape, which can be discouraging and costly. The current framework, or lack thereof, creates an environment of uncertainty that hinders investment and growth.”
“Moreover, South Africa must navigate international regulations and trade agreements. Cannabis remains a controlled substance under various international conventions, complicating export opportunities. Aligning domestic laws with international standards while promoting industry growth requires a delicate balance.”
Full article here
