Breaking New Ground
Forbes Africa|February - March 2022
"Southern Africa has been largely slow to capitalize on the growing global billion-dollar industry of medical cannabinoid products. One company in Lesotho is aiming to bridge that gap, and has become the first medical cannabis company on the continent cleared to export their pharmaceutical products into the European Union."
Story and photos by Yeshiel Panchia
Breaking New Ground

In the rolling foothills of the Maluti Mountains surrounding the Katse Dam in Lesotho, the seeds of a green revolution are being sown. The high altitude, facilitative legislation, cultural history and innovation of the country are coming together to support a booming business that aims to supply an exploding global market – that of medical cannabis.

Medical cannabis growery MG Health CEO Andre Bothma laughs as he discusses how he decided to move into the industry.

“My friend said ‘check this out, it looks like the next big thing’.” Bothma had been running a successful business in construction at the time – one of the largest in Lesotho – and was looking for a new opportunity to explore, but was initially hesitant about the industry.

“I’d never even heard of it, but then I started Googling. Every successful business owner needs to get involved in something… but then I started seeing on CNN they were talking about America opening up to medicinal cannabis… we then checked the laws to discover that it was actually legal.”

Lesotho, the landlocked kingdom surrounded by South Africa, became the first country on the African continent to grant an administrative license for the commercial cultivation of marijuana for scientific and medical purposes in 2017, with countries such as South Africa, eSwatini and Zimbabwe following suit, bringing the continent into a global market worth over $7.1 billion by 2023 (African Cannabis Report, 2020).

この記事は Forbes Africa の February - March 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Forbes Africa の February - March 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FORBES AFRICAのその他の記事すべて表示
TRACK, WATCH, BEFRIEND
Forbes Africa

TRACK, WATCH, BEFRIEND

IN THE PRISTINE WILDERNESS OF GABON ARE THE MAJESTIC AND GENTLE WESTERN LOWLAND GORILLAS. A FIRSTHAND REPORT FROM OUR TRAVEL WRITER ON WHAT GOES INTO HABITUATING THEM.

time-read
4 分  |
August - September 2024
CHALLENGING BUT NECESSARY: THE AI BALANCING PROBLEM
Forbes Africa

CHALLENGING BUT NECESSARY: THE AI BALANCING PROBLEM

Artificial intelligence (AI) continues transforming many industries, providing unprecedented opportunities for innovation and efficiency. However, these advancements bring complex challenges that necessitate a delicate balancing act.

time-read
3 分  |
August - September 2024
BEYOND ACADEMIA: THE SOCIETAL IMPACT OF MULTILATERAL EDUCATIONAL COLLABORATIONS
Forbes Africa

BEYOND ACADEMIA: THE SOCIETAL IMPACT OF MULTILATERAL EDUCATIONAL COLLABORATIONS

The great poet William Butler Yeats once said, \"Education is not the filling of a pail, but the lighting of a fire.\"

time-read
3 分  |
August - September 2024
The Business Of Dance: Embracing One's Individuality And Style
Forbes Africa

The Business Of Dance: Embracing One's Individuality And Style

In the dynamic world of street dance, passion and perseverance pave the way for success. Living out this ethos is South African born B-girl turned businesswoman, Courtnaé Paul.

time-read
2 分  |
August - September 2024
COMPASSION FATIGUE: THE DANGEROUS DESCENT FROM HELPING TO HURTING
Forbes Africa

COMPASSION FATIGUE: THE DANGEROUS DESCENT FROM HELPING TO HURTING

It is a workplace reality that caring too much for your colleagues can hurt you.

time-read
2 分  |
August - September 2024
IT HAS NEVER BEEN MORE CRITICAL TO FIND OUR NICHE
Forbes Africa

IT HAS NEVER BEEN MORE CRITICAL TO FIND OUR NICHE

Have you found your niche? I received a lot of advice when I set up my company, but perhaps the most important consisted of just three words: Find Your Niche.

time-read
3 分  |
August - September 2024
HOW TO MAKE AFRICA WIN OFF THE FIELD TOO
Forbes Africa

HOW TO MAKE AFRICA WIN OFF THE FIELD TOO

When all else fails, try sports. It's good for the soul.

time-read
2 分  |
August - September 2024
BEAN THERE, DONE THAT
Forbes Africa

BEAN THERE, DONE THAT

British author Roald Dahl tapped into every chocoholic's imagination when creating Willy Wonka's bizarre chocolate factory in his 1964 children's novel Charlie and the Chocolate Factory.

time-read
6 分  |
August - September 2024
IT DOESN'T GET ANY BETTER THAN WORKING WITH AL PACINO ON BROADWAY'
Forbes Africa

IT DOESN'T GET ANY BETTER THAN WORKING WITH AL PACINO ON BROADWAY'

Arnold Vosloo Actor

time-read
2 分  |
August - September 2024
BLENDED FINANCE: BRIDGING THE GAP IN EMERGING MARKETS IN SUPPORT OF THE SDGS
Forbes Africa

BLENDED FINANCE: BRIDGING THE GAP IN EMERGING MARKETS IN SUPPORT OF THE SDGS

Amid the widespread global support for the United Nations' Sustainable Development Goals (SDGs), there was an underlying concern among economists and financial advisors in the emerging and frontier markets: public sector and donor funds were stalled, if not regressing, and the funding gap to realize the SDGs was increasing.

time-read
2 分  |
August - September 2024