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South Africa Is One Step Closer To Legalizing Cannabis For Personal Use Patricio Liddle Benzinga Friday 17 Nov 2023 Personal Use: Grow Your Own The bill focuses exclusively on cannabis for personal use by adults. Though authorities recently ordered an end to arrests for use and possession, selling marijuana is still illegal. In the words of Democratic Alliance Parliament Member Janho Engelbrecht, “If you want to smoke it, you have to grow it, don’t buy it.” Pending Regulations And Details The bill does not include some crucial details, such as possession limits and legalization for medical use. However, regulations governing private adult cannabis use are expected to be addressed in separate rulemaking from Justice and Correctional Services Minister Ronald Lamo, according to The Citizen. Expungement Of Cannabis Convictions One notable aspect of the bill is its provision to expunge criminal records related to cannabis convictions, a move in line with many reform measures in the United States. These records may be cleared for those previously convicted of possession, use and other cannabis-based charges. "The Best Report Benzinga Has Ever Produced" Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW! Delays And Concerns Over Children’s Welfare The prolonged delay in advancing the bill, which took five years to reach this point, can be attributed to concerns about its potential impact on children, according to High Times. The Department of Justice and Constitutional Development urged the committee to consider children’s best interests in the context of legalizing adult cannabis use. Foundations For The Future Although the bill does not establish a recreational cannabis market or permit cannabis sales, there is optimism that it may lay the groundwork for South Africa’s future cannabis industry. The government has identified the cannabis and hemp sector as a priority for investment and job creation. Impact On Africa’s Medical Cannabis Industry South Africa’s move towards legalization also has the potential to have a substantial impact on the medical marijuana (MMJ) industry. A recent report revealed that the MMJ is projected to experience a 20.12% Compound Annual Growth Rate (CAGR) surge by 2028, highlighting the growing interest in cannabis-related opportunities in the region. https://www.benzinga.com/markets/cannabis/23/11/35858060/south-africa-is-one-step-closer-to-legalizing-cannabis-for-personal-use
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