STATEMENT BY TRADE AND INDUSTRY WELCOMING COMMERCIALIZATION OF HEMP AND CANNABIS

J Hermans ( Physical)

We welcome the announcement by President Cyril Ramaphosa in his State of the Nation Address (SONA) to support hemp and cannabis farming for people in the Eastern Cape and KZN. This is a big step towards the commercialization of hemp and cannabis and will unlock many opportunities which has the potential to create in excess of 100 000 jobs with the right support from government and its development finance institutions.

The people, particularly in Pondoland in the Eastern Cape, stand to benefit the most from this announcement which will have broader economic growth implications for the Eastern Cape economy. We also welcome the announcement by the Premier of the Eastern Cape, Premier Oscar Mabuyane on Thursday night during his State of the Province Address (SOPA) that an advisory panel to guide the development of the province’s cannabis economy has been appointed.