African farmers have been growing cannabis for centuries, but, until now, its consumption has been banned across the continent. The policy change has been largely informed by medicinal and economic reasons.
DIVERSIFYING REVENUE THROUGH CANNABIS TRADE
As African countries rely on revenue from export of key cash crops, such as coffee, maize, cocoa, tea and cotton, the price fluctuations and uncertainty in the global markets have provided unreliable income streams.
Countries have been keen on venturing into other sources of income, and with the pent-up demand for Marijuana in Europe and the Americas, Africa has softened its hard stance on the cannabis industry. African Governments that have warmed up to cannabis trade argue that legalizing marijuana would generate a great source of revenue through taxation, lead to economic growth and help create jobs. [Read more at FairPlanet]