top of page
SA Landraces with Cannabis Plants. and species-min.png
Nyandeni Municipality Punts Cannabis as an Investment Opportunity to Ease Dreadful Poverty

Nyandeni Municipality Punts Cannabis as an Investment Opportunity to Ease Dreadful Poverty

Thailand: Pro Cannabis Party Makes Better Than Expected Parliamentary Gains

Thailand: Pro Cannabis Party Makes Better Than Expected Parliamentary Gains

Portland, Oregon is the Most “Cannabis Friendly" City in the US; Birmingham, Alabama the Least

Portland, Oregon is the Most “Cannabis Friendly" City in the US; Birmingham, Alabama the Least

Hemp Today

23/12/29, 08:00

Verulam-based Opulance Pharmaceuticals’ CEO Duran Govender is entering the cannabis value chain in a big way with a public-private partnership with the KZN provincial government.

This report first appeared in Hemp Today on 27 December 2023.


Several hundred farmers have received licenses to produce hemp in the South African province of KwaZulu-Natal (KZN), and officials say the growers will get training in the crop.


A total of 664 licenses were recently granted by the KZN Department of Agriculture and Rural Development (DARD). The permits authorize the farmers to grow, store and transport cannabis with less than 0.2% THC – the dividing line between hemp and marijuana in South Africa.


Public-private pact


A public-private partnership between the provincial government and Opulence Pharmaceuticals was announced to facilitate the growth of the cannabis industry in the province, and to explore export potential.


Little is known about Opulence Pharmaceuticals, which was established in 2018 to operate in the medical marijuana and CBD sectors. The company is located in Verulam, KZN. Duran Govender, the company’s CEO, said his vision is to create sustainable jobs and control the value chain in industrial hemp and medicinal cannabis.


DALRD and the Department of Economic Development, Tourism and Environmental Affairs will work with the company in a skills and knowledge transfer program.


Technical support


The cannabis licenses will allow farmers access to technology through the Analytical Lab at the Cedara Agricultural Training Institute. Local businesses that will be providing services to permit recipients were also granted R300,000 (South African rands) (~$15,000) each. 


Services include processing, setting up growing tunnels and providing lab equipment, packaging, testing, and marketing. Officials said they have plans to establish at least six hemp processing plants.

DARD has also set aside R47 million ($2.5 million) for cannabis research, and has allocated R10 million ($500,000) for direct farmer assistance.


“In the past Africans were being punished severely for cannabis and our parents could not trade,” said Siboniso Duma, a member of the KwaZulu-Natal Executive Council for Economic Development, Tourism and Environmental Affairs. “People were killed defending the sovereignty of this herb but now our people are receiving licences and permits.”


Food basket’ of SA


KwaZulu-Natal is considered to be “the food basket province” of South Africa, with reliable rainfall and fertile soils; 17% of the province’s land is arable, with 7.5% classified as high potential. The province produces 90% of South Africa’s total output of sugarcane; KZN farmers also grow fruits & vegetables, maize, peanuts and soybeans, and raise livestock.

#

SOUTH AFRICAN

CANNABIS INDUSTRY

BREAKING NEWS

Brought to you by:

KZN Solidifies Partnership with Opulance Pharmaceuticals in Granting 664 Industrial Cannabis Licenses to Legacy Growers

KZN Solidifies Partnership with Opulance Pharmaceuticals in Granting 664 Industrial Cannabis Licenses to Legacy Growers

All South African News Are Sponsored by: 

CHEEBA AFRICA

CHEEBA AFRICA

Hydrobiz

Hydrobiz

Support Locals

Support Locals

Networking for your business

Networking for your business

Meet like minded people

Meet like minded people

Advertise with us today

Advertise with us today

Connecting People

Connecting People

Opportunity for all

Opportunity for all

Supporting Business Growth

Supporting Business Growth
bottom of page