Yip! In a few years time the South African dagga, weed, cannabis industry will be one of the wealthiest industries, even though the red tape might still confuse many.

The law only being allowed for a year now has already had thousands of enquiries and people looking into it as the next big thing in business. Being now more than just an interesting smoke break, your knowledge on cannabis could make you rich if you play your cards right. It opened up an opportunity for South Africa to become a player in the medical and recreational cannabis sphere, which is likely to have a market value of R27 billion per year by 2023, according to a Prohibition Partners report.

Also Read:
An ongoing list of South African weed restaurants, venues and places
Cannabis stores available in Cape Town

 

Mike Schüssler of Economists.co.za says cannabis cultivation has the potential to help South Africa advance in more ways than one, but there needs to be a legal structure in place to ensure that it becomes a fully-functioning sector of the economy.