Legalization is moving steadily across the African
continent, and last week Rwanda, a landlocked country in East Africa, announced
the start of cannabis production. This is a poor and densely populated state,
and the average age of Rwandans is shockingly small - only 19 years. Cannabis
is one of the most profitable crops, which is why many African countries see
great potential in this plant. The pandemic and its aftermath have hit their
economy hard, and legalization is one way to raise additional capital. They
change the legal status of marijuana and start officially exporting it to
Europe and the US.
The more players enter the race for cannabis, the lower the
cost will become. But at the moment, its price is quite high, and growing
cannabis in African countries is very cheap, so countries like Rwanda will
benefit greatly from it. It is obvious that those who first started cannabis
production will benefit the most, but this industry can still grow for a very
long time, because besides the buds, hemp has additional economic potential,
since the rest of the plant can be used in a completely different industry. In
the meantime, before hemp takes over the entire planet, we can celebrate that
another country has joined the cannabis club!