Ripe time to invest in cannabis sector

It is staggering to think that forecasters have predicted that by 2025 the global cannabis industry will reach about $146bn, with the total market value of the SA cannabis industry amounting to about $1.8bn.

Since its legalisation at the end of 2018 the cannabis industry has proven to be an emerging market, giving SA the opportunity to run with the big dogs in this exciting new growth sector. Finance minister Tito Mboweni even went so far as to say in his budget speech that policy changes in the industry could well result in a potential source of revenue for SA.

The cannabis industry has the potential to create work opportunities for low- and high-skilled workers, the report said, due to the fact that cannabis businesses will require management staff, administrative staff, manufacturing staff, agricultural operations and retail operations. In the US, more than 320,000 jobs have been created in the cannabis industry, and 35% were in retail operations.

The consensus on the streets is yes. If you’re looking to invest on the ground floor of one of the potentially largest markets globally, now’s the perfect time.

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