'Let’s tax this thing and make money out of it!'

This legalisation will attract tourists who want to consume our strains of cannabis, which is among the best… they can enjoy that in certain private resorts, themed restaurants… there will grow an industry to cater to a market that is already coming to South Africa to consume our cannabis!

Unathi Henama, Tshwane University of Technology

It [legalisation of dagga] is spreading all over… You see brands spring up from nothing and becoming billion dollar companies… It’s growing really rapidly and it’s going to be fun to watch!

Jeremy Berke, Business Insider

It’s now legal in South Africa to grow and consume dagga for personal use.

So said the Constitutional Court in a unanimous judgement on Tuesday.

Deputy Chief Justice Raymond Zondo ordered Parliament to change the Drug Trafficking and Medicines Control Acts to reflect the ruling of the country’s highest court.

The Money Show’s Bruce Whitfield interviewed Jeremy Berke (Science and Innovation Reporter at Business Insider) and Unathi Henama (a lecturer at the Department of Tourism Management at Tshwane University of Technology).

Berke discussed the huge economic boost of the rapidly growing legal dagga industry in the US.

For example; the US now has more legal dagga workers than dental hygienists!

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I hope… they can allow for us to export dagga. Since we’re not exporting dagga, we’re allowing the criminal underworld to dominate this… We are losing lots and lots of money…

Unathi Henama, Tshwane University of Technology

Let’s tax this thing and make money out of it!

Unathi Henama, Tshwane University of Technology

Coca-Cola is eyeing a deal… You’re going to see a lot more companies get into this space… The pent-up demand is there… A lot of big deals are coming up…

Jeremy Berke, Business Insider

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