Cannabis investing in South Africa
Was going through old information and thought I would put this out there.
“1. Cannabis 1.1. What is cannabis? Cannabis is made from the dried flowering heads and leaves of a plant called Cannabis sativa.”
” 1.3. Differences between medicinal and recreational cannabis Medicinal cannabis is legally produced under strict pharmaceutical conditions. Doctors and pharmacists know exactly what the medicine contains. The ingredients, potency and quality of illicit recreational cannabis are untested. Contamination with microbes, pesticides and heavy metals can occur. Medicinal cannabis products are generally available as oils, sprays, tinctures and capsules. By contrast, illicit cannabis is usually smoked. These differences mean cannabis sourced through illicit channels cannot be described as ‘medicinal cannabis’.1″
“2.3. Is it legal to cultivate and manufacture medicinal cannabis products in South Africa? A licencing framework for domestic cultivation of cannabis and manufacture of cannabis-related pharmaceutical products for medicinal and research purposes was introduced at the end of 2017 by SAHPRA and the Department of Health.4 It was introduced in order to ensure availability of standardized quality-assured medicinal cannabis grown locally for the manufacture of suitable pharmaceutical products. Application can be made to SAHPRA for a licence in terms of the provisions of Section 22C(1)(b) of the Medicines Act to – • Cultivate/ grow and produce Cannabis and Cannabis resin; • Extract and test Cannabis, Cannabis resin and / or cannabinoids; • Manufacture a Cannabis-containing or cannabinoid-containing medicine; • Import a Cannabis-containing medicine; • Export a Cannabis-containing medicine; • Distribute a Cannabis-containing medicine”
” The scope of requirements as set out in the licensing framework includes: • Personnel requirements • Security requirements • Buildings and facilities • Equipment • Production and manufacturing • Storage and distribution • Documentation • Good manufacturing practices • Compliance and enforcement”.