By Edward Tsumele
As governments in Africa start the process of legalising cannabis and opening up opportunities for cannabis entrepreneurs to legally trade in cannabis products, the question that always crops up is what other benefits to communities will result from such business activities besides of course the profits investors reap from doing business in the cannabis sector. The answer is the benefits are plenty, especially to those companies that have a strong corporate social responsibility ethos emmded in their philosophy.
One example of a cannabis company that is benefitting communities is Lesotho based cannabis start-up MG Health, which is running a number of successful community projects in Lesotho, spanning from education to of course health.
The company says that improving the lives of the people of Lesotho is at the core of the Company’s ethos and values. Such commitment from a corpporate entity in the cannabis industry is crucial, especially if such a company is operating in an environment of painful poverty such as that found among ordinary BaSotho.
“Our young Company has already had a significant social impact on the local community and has the potential to create inter-generational wealth for many local families.
A wide range of highly skilled job opportunities have been created for people living in this remote rural environment. To date, we have created over 300 jobs, have started adult education programs, aided in local schooling, implemented healthcare and wellness programs, and more. MG Health is also embarking on a COVID vaccination program for all of its employees<’ the company reveals.
With Lesotho’s significant environmental and socio-economic advantages for the growing of high quality, contaminant-free Medical Cannabis, the company says it is committed to working with the Lesotho Government on issues of capacity building, skills development, security, compliance and the campaign against illegal drug trafficking.
Currently 10 African countries that include Lesotho, South Africa, Zimbabwe, malwai and Zambia in Southern Africa are at different stages of the process of legalising cannabis for commercial production, a process once completed, with curren thurdles in the way dealt with, is expected to open opportunities for direct foreign investment in the region.
In South Africa alone, the cannabis industry is valued to be worth 27 billion by 2023.