IDEAS home Printed from https://ideas.repec.org/a/adi/ijbess/v6y2024i4p70-81.html
   My bibliography  Save this article

Potential cannabis commercialisation benefits in the South Africa cannabis masterplan

Author

Listed:
  • Mulalo Rejoyce Maumela

    (University of Venda)

  • Livhuwani Gladys Nkondo

    (University of Venda)

Abstract

Despite the stigma surrounding cannabis, discourse has evolved, and it is now recognised as a viable economic commodity, reflecting a substantial transformation in societal attitudes. Several African countries have been exploring the industrial possibilities of medicinal hemp as a facet of economic development. This study aimed to examine the potential advantages of cannabis commercialisation in Limpopo province, South Africa. The study utilised a descriptive design and qualitative technique, focussing on cannabis enterprises. Snowball sampling was utilised to acquire a sample of 20 individuals. The sample size was determined by data saturation. Data was gathered through semi-structured interviews and thematically analysed using ATLAS.ti 23 software. The results indicate that the creation of cannabis cultivation and processing businesses may produce job opportunities, stimulate economic expansion, and promote community development. Furthermore, the cannabis industry presents substantial income generation prospects, especially for rural agriculturists, and has the capacity to augment tax revenue for local authorities. The research indicates that cannabis commercialisation could yield advantageous socio-economic results, such as poverty reduction, provided that stringent regulations and extensive community engagement are established. The research emphasises the importance of addressing legal and social equity challenges to ensure the sustainability of these benefits.

Suggested Citation

  • Mulalo Rejoyce Maumela & Livhuwani Gladys Nkondo, 2024. "Potential cannabis commercialisation benefits in the South Africa cannabis masterplan," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 6(4), pages 70-81, September.
  • Handle: RePEc:adi:ijbess:v:6:y:2024:i:4:p:70-81
    DOI: 10.36096/ijbes.v6i4.634
    as

    Download full text from publisher

    File URL: https://www.bussecon.com/ojs/index.php/ijbes/article/view/634/299
    Download Restriction: no

    File URL: https://doi.org/10.36096/ijbes.v6i4.634
    Download Restriction: no

    File URL: https://libkey.io/10.36096/ijbes.v6i4.634?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adi:ijbess:v:6:y:2024:i:4:p:70-81. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ibihutr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.