President Ramaphosa Outlines Vision for Commercial Hemp Leadership in South Africa
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
President Cyril Ramaphosa has outlined a vision for South Africa to become a leader in the commercial production of hemp and cannabis. The government is seeking practical ways to legally incorporate indigenous cannabis-growing communities into the formal value chain, which is crucial given the illicit market is estimated to be worth R36bn annually. The department of trade, industry & competition plans to introduce a Cannabis Bill to parliament by mid-2027.
From businessday.co.za
Why it matters
The initiative aims to unlock the economic potential of the sector while ensuring public safety. The government is currently seeking legal advice on how to enable inclusive participation across the value chain, including support for farmers and market access.
In South Africa, policy regarding hemp and cannabis has been discussed, with President Ramaphosa having previously placed cannabis into the national program.
From businessday.co.za
Who's involved
- South AfricaThe country is the focus of the policy regarding the formalization of the hemp and cannabis value chain.
- Cyril RamaphosaPresident Ramaphosa is leading the push for South Africa to achieve leadership in commercial hemp production.
- parliamentThe legislative body that must consider and pass the proposed Cannabis Bill.
Keep exploring
The entities involved
-
South Africa
country in southern Africa
-
Cyril Ramaphosa
President of South Africa since 2018
Related events
- Hemporium successfully integrated hemp into the South African market.
- South Africa's leader, Cyril Ramaphosa, claimed the country is the most developed economy in Africa.
- President of South Africa led regional economic calls on August 1, 2026.
- Leadership discussions focus on Mahikeng and the significant milestone of 25 years of traditional leadership in South Africa.
- Cyril Ramaphosa leads South Africa through global commitments and works with international bodies on global issues.