Lesotho

Mon
24
Jun

Halo Labs to acquire Africa-based Bophelo Bioscience in $18.4m deal

US-based Halo Labs Inc. has entered into a non-binding letter of intent (LOI) for the proposed acquisition of Bophelo Bioscience & Wellness (Pty) Ltd.

The transaction is expected to strengthen Halo’s position in Lesotho, Africa, a country quickly becoming the continent’s export gateway to the global cannabis market. Lesotho is the first African country to grant medical marijuana licenses for cultivation and patient use and is making strides toward becoming the worldwide export hub for cannabis.

Thu
23
May

The African cannabis market is poised to reach $7.1 billion within four years

Cannabis is distancing itself from its former days of prohibition and people are enjoying legalization – both medically and recreationally throughout North America and Europe. But what’s been going on in Africa?

Thu
09
May

The African cannabis market could reach $7.1B by 2023

In the global cannabis landscape, Africa is an overlooked market. This is due to a number of factors, such as the illegality of the plant across the continent and the poor economic conditions that many African countries face.

Africa has the potential to become an enormous cannabis market due to the large population and favorable climate that makes growing weed easier than in neighboring Europe. A new report by Prohibition Partners suggests that by 2023, the African cannabis market could reach $7.1 billion.

Wed
01
May

Emerging markets - African countries exporting marijuana

African governments are considering ways of tapping into the lucrative marijuana market. According to a UN survey, more than 10 000 tons of cannabis are produced on the continent each year, which could be worth billions of dollars in a rapidly expanding global market for legal cannabis.

Although African governments have not yet followed the trend of marijuana legalisation seen in Europe and the Americas, legitimate marijuana production for medicinal and industrial use is taking off. For instance, Lesotho is the continent's first country to offer legal licences to grow marijuana, signalling a shift towards more liberal policies.

Wed
28
Nov

Marijuana, mountains and money: How Lesotho is cashing in

Lesotho is aiming to make money from the booming medicinal marijuana industry, but the BBC's Vumani Mkhize says the southern African nation already has an unheralded illicit trade in the drug for recreational use.

Green dust swirls around Mampho Thulo as she uses her hands to scoop dried marijuana leaves from a massive heap on the floor of her home into a big linen bag.

She has been cultivating the prized crop in her scenic village of Mapoteng for as long as she can remember.

Seventy kilometres (43 miles) north-east of the capital, Maseru, her land lies in a lush valley surrounded by the mountains that the country is well known for.

It is in this breath-taking scenery that people have been illicitly growing marijuana for recreational use for decades.

Fri
09
Feb

US Corp cashes in as Lesotho becomes the First African country to legalize Cannabis cultivation

Rhizo Sciences announces construction of 400,000 square foot export facility in Lesotho, Africa to meet growing international medical cannabis export demand.

Rhizo Sciences LLC, a Seattle, Washington based medical cannabis company today announced plans to partner with Medi Kingdom Holdings (Pty) Ltd to build the $50M medical cannabis export facility in Lesotho, Africa.

Tue
13
Oct

African nations consider legalized marijuana

The cultivation and use of marijuana is rapidly rising across Africa as farmers, hit by low commodity prices, increasingly see the drug as a cash crop.

Pressure for legalizing marijuana is increasing in many African countries as legalized pot in the U.S. and Uruguay leads the way.

“At the moment, farmers choose to cultivate marijuana over traditional crops because it commands a far higher market price on the black market both at home and abroad,” Zambian Green Party President Peter Sinkamba told Anadolu Agency.

Sat
03
Oct

Marijuana gardens and a Lesotho lodge that doesn't exist.

The gate was padlocked closed but there was no wall or fence so we drove in and parked in the yard of the no-name hotel.

Wed
11
Feb

30 donkeys, 13 men and 66 bags of dagga

SAPSPolice spotted a group of men carrying the bags and accompanying 30 donkeys near Sandlwana.

Durban - In one of the biggest dagga busts in KwaZulu-Natal, police arrested 13 men using 30 donkeys to smuggle dagga worth millions of rand across the mountains from Lesotho into South Africa.

In a joint raid, mounted units from Ezemvelo KZN Wildlife and the police made the arrests in the uKhahlamba-Drakensberg Park.

In total, 66 bags of dagga with a street value of R3.6 million were seized.

The 13 men, aged between 25 and 33, were expected to appear in the Bergville Magistrate’s Court on Friday for being in possession of dagga and an unlicensed firearm and ammunition.

Subscribe to RSS - Lesotho