Lesotho Cannabis is a hot topic right now. Lesotho’s become Africa’s main focus on Cannabis/Marijuana/Dagga and with good reason.
International corporations have expressed a lot of interest in the Lesotho Cannabis/Dagga permits which the Government of Lesotho began issuing last year. And earlier this year in March 2018 MediKingdom Holdings sent the first-ever shipment of legal medical cannabis from Lesotho to Canada.
Want to know more about Lesotho Dagga then have a look at this past study.
Below is a news press released yesterday which has more to do with Cannabis in Lesotho.
Kaneh Bosm’s portfolio company CanAfrica, holds licenses for medical Cannabis cultivation, manufacturing, distribution, transport, research and import/export in the Kingdom of Lesotho (see Kaneh Bosm’s news release dated June 20, 2018). In 2017, Lesotho became the first African Nation to issue licenses for medical Cannabis operations. Lesotho is a favourable jurisdiction for Cannabis cultivation due to its rich soils, ideal climate, skilled agricultural workforce, low cost labour, and access to key infrastructure. Lesotho has also signed numerous international trade agreements. These trade agreements permit the unencumbered export of Lesotho’s Cannabis products to various jurisdictions worldwide. It is anticipated that Lesotho will act as a staging ground for access to larger African markets that may yield greater demand potential.
Kaneh Bosm’s Chief Executive Officer, Eugene Beukman, states, “Kaneh Bosm’s African developments mirror industry peers such as Canopy Growth Corporation, Supreme Cannabis Company Inc. and Aphria Inc. Earlier this year Canopy acquired Daddy Cann Lesotho PTY Ltd. for $28.8 million. Daddy Cann and Kaneh Bosm’s CanAfrica have been awarded identical medical cannabis licences by the Kingdom of Lesotho. In March of 2018, Supreme Cannabis invested $10 million for a 10 percent stake in Lesotho’s MediGrow Holdings PTY Ltd. Kaneh Bosm would like to also mention Aphria Inc.’s recently announced Joint Venture with Lesotho based Verve Dynamics. The Company believes that it is well positioned to capitalize on its flagship African asset while maximizing shareholder value.”
Kaneh Bosm also pleased to announce that Company representatives have visited the Kingdom of Lesotho to initiate development efforts and advance regional relationships. The Company continues to complement its existing African cultivation and distribution footprint. Most recently the Company acquired South African based Aricannabis BioTech Corp (see Kaneh Bosm news release dated August 26, 2018). Aricannabis works on an exclusive basis with NuCare Health to provide Cannabis products to over 2,800 independent and corporate pharmacies across South Africa. South Africa has a population of 55 million people and have announced plans through the Medicines Control Counsel for medical Cannabis distribution to South African patients.
The Company looks forward to providing additional updates on its Lesotho initiatives in the coming months.
On behalf of the Board of Directors of Kaneh Bosm Biotechnology Inc. “Michael Martinz”, President, Director.
Lesotho Cannabis is something which not only South African companies are keeping a close eye on, but international corporations too.
When will the MCC/SAHPRA begin issuing licences for commercial cultivation of Cannabis in South Africa?
To date a few licences have been issued for research purposes of marijuana in South Africa and a few site inspections have been done in accordance with the MCC’s cultivation and licence guidelines.
Are you needing a Cannabis Consultant in South Africa to assist with your operations and/or Cannabis licence/permit application? Please feel free to contact me regarding my Cannabis consultation service.