The industrial cannabis/hemp industry has immense growth potential in South Africa; and the continent as a whole, due to favourable climates, affordable land and relatively low labour costs, notes law firm Cliffe Dekker Hofmeyr.
However, due to the nature of the product, the prospective prosperity of the industry depends on a clear regulatory regime – the inner workings of which are still in the developmental phase, according to André de Lange, head of the Agriculture, Aquaculture & Fishing sector at Cliffe Dekker Hofmeyr (CDH), who recently facilitated a webinar entitled: ‘A Pragmatic Approach to South Africa’s Hemp Industry’.
The webinar provided a snapshot of the Hemp regulatory landscape; presented by Shaad Vayej, an associate in CDH’s Dispute Resolution practice, followed by an overview of the opportunities that the sector presents for the country, provided by industry stalwart and Hemporium founder, Tony Budden. Liëtte van Schalkwyk, an associate in CDH’s Dispute
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