Africa could reap huge financial benefits by legalizing marijuana: Report

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New Frontier Data is an independent, technology-driven analytics company specialising in the cannabis industry.

Source of income
Despite its illegality, many agricultural workers have turned to cannabis farming as the only way to earn enough money to provide for the basic needs of their families.
Since Lesotho became the first African nation to legalise medical cannabis in 2017, the report says Africa’s annual cannabis use rate has been nearly twice the global average use rate of 6 per cent.
But Africa’s largest cannabis markets are those with the largest populations with Nigeria at $15.3 billion (about Shs57 trillion) and Ethiopia at $9.8 billion (about Shs37 trillion) leading the way.

About New Frontier Data
New Frontier Data is an independent, technology-driven analytics company specialising in the cannabis industry.
It offers vetted data, actionable business intelligence and risk management solutions for investors, operators, researchers and policy makers.

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Africa could reap huge financial benefits by legalizing marijuana: Report

What you need to know:

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