City of Cape Town releases vacant land for medical cannabis production

The City of Cape Town on Thursday said it has taken a decision to release vacant land for the production of medical cannabis in Atlantis, which would see billions being invested and hundreds of jobs created.

“This positive move by the city gives us the opportunity to unlock the economic benefits with the resultant job creation opportunities that this emerging industry will present,” said Vos. Vos said: “It is personally a very exciting opportunity to be on the forefront and driving the future possibilities that this landmark decision means for the city and the region. My portfolio oversees the identification, facilitation, and promotion of economic opportunities within the city, and as such, we welcome the investment and the expansion into untapped economic sectors.”

“This is yet another area of untapped economic potential that the team in the city’s enterprise and investment department along with Wesgro have been pursuing and working with potential investors in this space to see how we can land their investment in Cape Town. Wesgro led the engagement sessions between the stakeholders to pave the way for this investment. As a forward-looking, globally competitive city, these are the new investment opportunities we will pursue and attract to Cape Town.

Source: News Formal (newsformal.com)

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