Utilizing Legal Cannabis for Sustainable Stimulus Begins Taking Root in Africa
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- While Africa has the highest usage rates (11.4%) among any global region, it ranks well behind North America and Europe in terms of deploying legal cannabis programs.
- With the African population projected by 2050 to double to more than 2.5 billion people, their countries are seeking opportunities to increase employment and drive economic growth.
- Recent economic analysis for Zimbabwe finds that deployment of medical and industrial cannabis programs would create between 60,000-90,000 agricultural and manufacturing jobs.
- Through medical and industrial cultivation, processing, and exports, Zimbabwe’s legal industry could generate beyond USD $300 million in revenues, based on modest (50,000 hectares) cultivation within five years of deployment.
- As a major global exporter of tobacco, falling demand leaves Zimbabwe at risk of declining agricultural output and displaced workers for whom cannabis cultivation could offer an occupational remedy.
