INTERNATIONAL – While the cannabis plant has been grown – and used – for thousands of years, only recently has its sale for recreational use become sanctioned in countries including South Africa, Canada and Uruguay.
And with legalisation comes the potential for dramatic industry growth and market opportunity.
From private equity firms to pharma and tech companies, various sectors are eager to take part in a business estimated to reach nearly $150 billion (R2.1 trillion) globally by 2025. Indeed, with Canada’s recent legalisation and such market potential, it’s not surprising that major companies such as Altria Group and Constellation Brands are making multibillion-dollar investments....
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