These are heady times for cannabis shares … but not so fast, bud

Business

These are heady times for cannabis shares … but not so fast, bud

It's a great time to invest in the industry’s potentially bright future, but as they say, what goes up must come down

Daniel Kibel

It is staggering to think that forecasters have predicted that by 2025 the global cannabis industry will reach about $146bn, with the total market value of the SA cannabis industry amounting to about $1.8bn.

These are the numbers being lobbed around, and SA’s forward-thinking stance towards the five-pointed leaf sets it up nicely to become a major player in the international market.

Since its legalisation at the end of 2018 the cannabis industry has proven to be an emerging market, giving SA the opportunity to run with the big dogs in this exciting new growth sector. Finance minister Tito Mboweni even went so far as to say in his budget speech that policy changes in the industry could well result in a potential source of revenue for SA...

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