Although South Africa accounts for a tiny percentage of global cannabis trade, it is an important part of the bigger picture, with cannabis markets in Europe, the UK, Israel and Australia. Cannabiz Africa reports on international developments affecting the African cannabis and hemp sector as well as consumer market trends of interest to South African operators.
eSwatini’s first hemp concessionaires have appealed to King Mswati III to host a SADC cannabis summit next year. Joe Mkhabela and Johan Botha of African Hemp Development and Management made the appeal when they met the King at eSwatini’s International Trade Fair recently.
An explosion last week at Sand Springs Cannabis Facility, Oklahoma cost two lives and has created a furore in the state’s cannabis industry. Authorities are pursuing felony murder charges against the facility owner after license irregularities emerged in the investigation.
California has been toppled as the largest legal cannabis market in the world, as Canada takes over in terms of monthly revenue. Canadian retailers set a new monthly record in June of approximately US$374 million in sales, surpassing US West Coast revenue for the first time.
In the US, the novelty of cannabis legalization has worn off, and the industry is now shifting from catering to connoisseurs to enticing first time users. Forbes Magazine reports that smart companies are now moving beyond cannabis culture into the hospitality and comfort zone.
It’s more accurate these days to talk about sativa-leaning or indica-leaning strains given the market dominance of hybrids. Although C sativa strains are generally associated with mind stimulation as opposed to body relaxation, it’s obviously more nuanced than that. This is essential reading for all Budtenders.
A Spanish study has found that cannabis assists in the treatment of restless leg syndrome. The effective treatment against this condition, in which twitching leg muscles hinder sleep, was a cannabis spray with a ratio of 2,7 mg THC to 2,5 mg CBD
The conventional wisdom in the US cannabis market is that consumers are after THC potency, and this is where brands have competed. However, Forbes Magazine reports that successful companies are pursuing ‘precision’ over ‘potency’ as a market strategy that is likely to drive the industry’s growth engine going forward.
Use of cannabis across the globe has grown by 40% over the last decade, with 256m people now reported to have used cannabis over the past recorded year (2024). That’s according to the UN, which says the overlap between legal and illegal markets in growing
The evidence-based therapeutic benefits of cannabis are increasingly finding their way into the world of sport. The latest study in this field shows that CBD may enhance performance and act as an effective ‘post-exercise recovery tool’ because of its anti-inflammatory and neuroprotective properties.
The roots of cannabis plants might be commonly treated as waste, but a new scientific review suggests they may be an underutilized source of bioactive compounds with potential therapeutic applications similar to the flower they help nourish.
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