Two years ago, the Constitutional Court decriminalised the possession and cultivation of cannabis in private by adults for personal private consumption. It was a historic day that left many weed lovers on a natural high.
After the long wait for the Cannabis for Private Purposes Bill to be made public, the industry’s hopes and expectations slumped when it was tabled in Parliament on September 1. (The call for comments opened on September 9 and closes on October 9.)
According to industry experts, it’s not what is in the Bill that resulted in the anti-climax, it’s how it has ‘completely missed the mark’ by failing to highlight the business opportunities that lay before it.
Andrew MacPherson, senior associate in the dispute resolution practice at law firm Cliffe Dekker Hofmeyr, said it was expected that it would unlock some financial growth opportunities.
“Those with skin in the game felt quietly optimistic that the coming Bill would be the first step in a revised,…
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