In South Africa the cannabis industry was let loose when the Constitutional Court (ConCourt) decriminalised the use, possession and cultivation of cannabis. Due to this ruiling the cannabis industry has witnessed significant growth with many new entrants and startups into this market. The market potential for this industry is huge as South Africa provides the ideal climate with its sunny skies for most seasons of the year. We want to exploit this opportunity as a new start-up in this lucrative industry, and we will cultivate, process and distribute the product. By 2023, just two years from now, the South African domestic market for cannabis and related products – excluding consumer CBD products, will be worth around R27 billion, reports the pro-marijuana consultancy Prohibition Partners in a 2019 report. This is a lucrative market within the healthcare sector. We are striving to become a part of this economic development and growth.
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