The Eastern Cape province in South Africa is investing heavily in the cannabis industry, with a commitment of over R100 million and a target of R1 billion over five years. The investment is estimated to directly employ about 90 individuals and could potentially generate around 3,000 job opportunities in the 2024 growing season with a target of 10,000 hectares over five years leading to the creation of approximately 30,000 jobs and offering a substantial boost to the province’s economy. The province’s commitment to the initiative is evident, and collaborations with key players aim to craft a sector innovation program that bolsters the global standing of the province.
