As the South African cannabis market expands at an exponential rate, it seems now is the prime time to consider investment opportunities within this newly booming sector.
According to Trenton Birch, CEO of Cheeba Africa, the global cannabis market is expected to be worth $103.9 billion by 2024. Africa’s legal cannabis industry is estimated to be worth $7.1 billion annually by 2023. This immense growth is mainly driven by the exploding international medicinal cannabis market.
Also read: Department of Agriculture estimates cannabis industry could be worth billions to SA
If you’ve ever thought of owning your very own weed farm, you’re in luck. A cannabis Farm (with a conditionally approved GACP license) in Atlantis, Cape Town, is currently for sale.
The Atlantis cannabis farm sale comes with the opportunity for a fast-tracked process to being fully licensed as per section 22C of the medicines Act – to cultivate, trim, dry, bulk package, and export the cannabis flower.
A first inspection of the cannabis farm has already been conducted. All that is needed is a final inspection by SAHPRA after rectifying any deficiencies and requirements outlined in the initial inspection report. Thereafter the license will be issued.
Included in this 11-hectare cannabis farm are a newly renovated four-bedroomed house, a newly insulated workshop and a 900 metre-squared three multi-span greenhouse Additionally, six 5000-litre water tanks are also included, three-phase power, two 2500-litre water tanks, four boreholes, professionally installed reverse osmosis system (cleans 1500 litres per hour).
Assistance from a Compliance Team will also be incorporated in the sale to develop a complete QMS system for the future owner.
For further information or enquiries, please contact Dries Nell on 083 867 4812 or [email protected].
Also read:
Phillipi Agri-Hub launches to benefit small-scale farmers and community
Picture: Twitter
