Verve Dynamics, a company based in South Africa will be forging ahead with a medicinal grow operation in Lesotho.
The plants will be grown under a strict medical license, granted by the Kingdom of Lesotho. Lesotho, a small landlocked kingdom, found within South Africa is the first African country to legalize cannabis.
Verve Dynamics is the first company to have an approved regulatory agreement with government to cultivate cannabis for therapeutic and medicinal uses. Verve Dynamics will be focused on its core business, botanical extracts and will be producing Africa’s first cannabis concentrates, legally.
“The company’s MD Richard Davies has called the move a historic decision, saying this will allow Lesotho to play a significant role in developing the industry.”
According to the UN Development Programme, cannabis is Lesotho’s third largest source of foreign income.
In 2015, the kingdom’s Green Party said local farmers were ditching traditional crops to cultivate dagga as it rakes in higher profits on the black market.
This article was first published on http://www.cannabisworld.biz.