In a significant shift, nine African countries have legalized cannabis cultivation for industrial and medicinal purposes, unlocking a potential multibillion-dollar market. The move is expected to attract startups and entrepreneurs, creating new opportunities for economic growth and job creation.

According to a UN survey, Africa is home to the highest levels of cannabis production globally, with over 10,000 tons produced annually. The global medical cannabis market is projected to reach $272 billion by 2028, with Africa's market share expected to hit $822.80 million by 2029.

The nine African countries that have legalized cannabis cultivation are Malawi, Zambia, South Africa, Zimbabwe, Lesotho, Ghana, Morocco, Rwanda, and Uganda. While recreational use remains prohibited in most countries, the legalization of cannabis for industrial and medicinal purposes opens up new avenues for entrepreneurs and startups.

This development is significant for the tech and startup community, as it presents opportunities for innovation, investment, and growth in the cannabis industry. With Africa's vast potential for cannabis production, startups can capitalize on the growing global demand for medical cannabis, creating new jobs and driving economic growth.