Number Of Annual Cannabis Consumers By African Country
The first African country to legalize medical cannabis was Lesotho, in 2017. South Africa is expected as the first to formally legalize adult use since its Constitutional Court last year ruled that personal cultivation and private use of cannabis are constitutionally protected.
- Nigeria, Ethiopia, and Morocco led the continent's markets, respectively valued at $15.3 billion, $9.8 billion, and $3.5 billion apiece.
- Nigeria has the highest annual-use rate among its population (19.4%) of any nation worldwide.
- Attracting foreign investment in Africa's respective markets will not be a challenge, but stakeholders will do well to carefully consider the nature and extent of foreign participation in the industry.
The post Number of Annual Cannabis Consumers by African Country appeared first on New Frontier Data.
Image sourced from Pixabay
More on Cannabis
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.