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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now