Warning: Foreigners could hijack fledging dagga industry - cannabis entrepreneur

Dagga grows prolifically across South Africa - a point that hasn't gone unnoticed by astute business players elsewhere who are hoping to cash in on the world's new gold rush. In this podcast, South African cannabis entrepreneur Pierre van der Hoven outlines to BizNews founder and editor-in-chief Alec Hogg how the fledgling industry needs some help developing. And, he points to warning signs that companies based elsewhere could take advantage of regulatory disarray. That, in turn, would mean countries like China and Canada reaping the economic benefits of SA-grown dagga. President Cyril Ramaphosa and his team have pledged support for the cannabis industry. Now the sector needs organisation and planning to ensure that dagga can be the money-spinner, wealth-creator and employment spark that South Africa so desperately needs. - Jackie Cameron Learn more about your ad choices. Visit megaphone.fm/adchoices