South Africa has given the green light to the first legal cannabis pharmacy.
The Gauteng Dispensary, based in Gauteng Province, comes with its doctor who specializes in medical marijuana. This unprecedented launch follows Decriminalization of cannabis in South Africa in 2018.
“Cannabis has always been in my family. My mother is a pharmacist and we are now a fully licensed pharmacy and have an excellent pharmacist. This is where our new adventure in the world of legal cannabis begins,” said Kyle Broccoli Bank, managing director of THC Africa Pharmacy.
To obtain a license, the pharmacy had to undergo various quality checks with South African Health Products Regulatory Authority. After the controls, the license issued allows the cultivation of cannabis, but only for medicinal purposes.
“There are a number of sections that you need to deal with. There are CIPRAs, medical boards, health departments, licensing accounts, and pharma accounts that you need to open. You have to go through certification services. It is a very tedious process. It will take at least two to three years to get close to that.“He sets.
“We are talking to people in Kenya, Malawi is also very serious. Zimbabwe already has one or two licenses in place. Nigeria, which has a lot of consumers, has started to take an interest in the platform. So the area in Africa is very large,” he added.
The African Hemp Report That by 2023, the legal market value of cannabis could reach at least $7.1 in Africa. That’s why the Johannesburg pharmacy is already planning to expand across the continent.
In Johannesburg, small business medleyed He specializes in selling marijuana, and says moving to the pharmaceutical side of cannabis isn’t one of his priorities.
South Africa is the latest country to transform into a sector that can enrich its agricultural business. But in order to thrive, the medical cannabis market must meet the requirements of the Medicines and Substances Act of 1965.
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