Education

How Africa Can Avoid the Resource Curse in the Emerging Global Cannabis Industry

Original source: Quartz (See article)

Global conversation surrounding cannabis production and distribution over the last decade Has shifted significantly.. The increasing legalization of medical and recreational cannabis in Western countries has created a highly profitable industry that promises exponential growth to all who are smart enough to use it.

Despite the immense potential of the African continent as a hub for the cannabis industry, many African leaders continue to resist accepting progressive ideas about plants.Uganda First Lady Janet Museveni Illustrated this resistance In 2019, she made a “devilish” proposal from an Israeli company to grow and export cannabis from Uganda. [Ugandan] Children. “

The pioneers of African countries enjoy the benefits of producing crops with a competitive advantage due to cheap labor and good climate, so the other countries are concerned about the catastrophic nature of their products. Emerging markets, removing moral impediments and changing colonial legislation.By using conditions, Africans may become big players in the market, as recent studies estimate the global market. Worth $ 70 billion by 2028.

Read the rest of this story At qz.com. Become a member Unlimited access to Quartz journalism.

How Africa Can Avoid the Resource Curse in the Emerging Global Cannabis Industry

Source link How Africa Can Avoid the Resource Curse in the Emerging Global Cannabis Industry

Related Articles

Back to top button