Brian van Rooyen, founder and CEO of investment holding company Labat Africa, says the cannabis industry has grown so fast that the regulatory authorities "just can't cope" and SA is lagging behind in the development of cannabis for medicinal use.
Labat is the only JSE-listed stock in cannabis. Van Rooyen says the department of trade & industry has estimated that a deregulated cannabis industry would be worth R27bn-R30bn by 2022...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.