The Western Cape Government says the province is positioning itself to become a value chain hub of cannabis production. The South African cannabis industry is estimated at R 28 billion and can create between 10 000 to 25 000 jobs across the entire value chain.
According to the Provincial Minister of Agriculture Ivan Meyer’s spokesperson Daniel Johnson, a value chain approach in developing the cannabis industry has the potential for income generation, job creation and skills development.
“That is why we look forward to engaging with the DALRRD’s Cannabis Master Plan. By doing so, the Western Cape can contribute to strengthening critical aspects of the Plan, such as developing sustainable seed supply systems and supporting those who want to enter the industry,” Johnson indicated.
Minister Meyer’ also visited the Felbridge Cannabis Farm outside Stellenbosch on Tuesday, September 28, where he highlighted that the Cannabis sector has enormous potential in developing SMMEs, attracting domestic and foreign investment, and adding value in the processing and manufacturing of various products for the local and export market.
Johnson said further that the untapped industry will have massive potential for economic recovery in the Western Cape and will also lead to diversification of the economy and thus increase economic growth and alleviate poverty.