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Cilo Cybin said the global medical cannabis market is projected to grow to about $40.48 billion by 2032 from $12.6 bill. South Africa's Cilo Cybin on Tuesday became the first medical cannabis ...
Cannabis in South Africa is an indigenous plant with a rich historical, social, and cultural significance for various communities. South Africa’s cannabis policy evolution has been marked by significant shifts, particularly following decriminalisation by the Constitutional Court in 2018, and the passing of the Cannabis for Private Purposes Bill in May 2024.
The cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and adult use. [ 1 ] [ 2 ] Uruguay became the first country to legalize recreational marijuana through legislation in December, 2013. [ 3 ]
World map of annual cannabis prevalence. This is a list of the annual prevalence of cannabis use by country (including some territories) as a percentage of the population. The indicator is an "annual prevalence" rate which is the percentage of the youth and adult population who have consumed cannabis at least once in the past survey year.
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According to El País, the price of hashish and cannabis rose to double or triple its usual price on the Spanish black market. [8] Patricia Amiguet, president of the Catalan Federation of Cannabis Associations, stated in June that lockdown meant an estimated 300,000 cannabis club members were resorting to illicit market sources for supplies. [9]
The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%. [54] Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, [55] compared to world growth of 3.1% over the same period.