Cape Town has been chosen as Africa's host of the global CannaTech Summit, which has also had stops in Davos, Hong Kong, Sydney, Davos, Panama and Tel Aviv.
(ANA) African News Agency
The renowned CannaTech Summit will take place in the first time on the African continent, in South Africa from 24-26 November, organisers have announced The announcement of the summit, to be held at the Lookout at the V&A Waterfront in Cape Town, comes as the global medical cannabis market continues to expand and increasing numbers of countries around the globe legalise its use.
With estimates that the cannabis and associated products market could be worth R27 billion by 2023, this potential has led to a boom in regional cannabis interest and investment.
“The global interest in Africa’s cannabis market and South Africa’s recent legislative acceptance of cannabis makes Cape Town the perfect destination for CannaTech,” said Saul Kaye, founder and CEO of iCAN:Israel-Cannabis.
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