The Cannatech Summit is happening on November 24 to 26 this year, at the V&A Waterfront in Cape Town. This will be the first time the summit is held on African soil.
“The global interest in Africa’s cannabis market and South Africa’s recent legislative acceptance of cannabis makes Cape Town the perfect destination for CannaTech,” said Saul Kaye, founder and CEO of iCAN:Israel-Cannabis.
Due to the global amount of interest in canabis ventures, the conference will negotiate the terms and how to go about legalising the use and trading of the flower. Various leader from around the world will be attending the controversial summit. Cannabis and related products are growing exponentially in value, businesses are looking for an opportunity to invest in this growing market. The products related to cannabis estimated worth is R27-billion by the year 2023. The growing potential that cannabis has on the market is endless.
“Following South Africa, several African countries, including Swaziland, Malawi, and Zimbabwe, are examining legalising cannabis cultivation for medical or industrial applications,” Kaye said. Companies and leaders who have contributed to recreational cannabis market, to change the way cannabis seems, will share their views on the issue.
“We are thrilled to bring some of the world’s leading companies and investors to Cape Town to meet with their counterparts to discuss a range of business and technological issues and work with like-minded professionals who understand the immense global health and business potential of medical and recreational cannabis moving forward,” Kaye said.
“As someone born in South Africa, I am especially looking forward to establishing ties throughout the entire continental cannabis eco-system,” said Kaye.