For most people in support of a legal cannabis market, the social, medical, and financial benefits of a safe and well-regulated industry built on the cultivation of cannabis are overwhelmingly positive and self-evident.
However, even advocates of the industry might not consider the potential ways in which legal cannabis might impact emerging economies, whose social, medical and financial conditions are unlike many of the more developed states that have seen successful legalization efforts.
A new research report from cannabis research firm New Frontier Data looks at the potential benefits a legal cannabis industry might have for several fast-growing African nations. The “Africa Hemp & Cannabis 2019 Industry Outlook” examines how, if thoughtfully implemented, cannabis cultivation can provide much-needed resources to aid in many of the most pressing problems being confronted by emerging market countries across the world.
Sustainable and Restorative Farming:
The largest and most primary aspect of a cannabis industry is the agricultural cultivation of the plant. It is fitting then that a majority of the 13 nations surveyed in the report have a strong basis in agriculture. According to the report’s findings, agriculture accounts for more than 10 percent of GDP in 10 of the countries surveyed, with anywhere from 60 to 80 percent of the nations’ workforces making a living off the land.