Cannabis Economy

Lesotho has recently arrived on the international cannabis scene, and Tseli Khiba, Advocate, High Court of Lesotho joins us to discuss the details of that development. She explains that, originally, investors were interested in the market in Swaziland, but ended up encountering several roadblocks there. Investors then began looking more broadly for alternative options and noticed Lesotho. Because the laws and provisions were already in place, it seemed like a much easier place to get an industry started. Khiba describes the regulatory gray areas: "The government relied a lot on the best practices internationally and were consistent with those requirements. So, even though the regulations weren't formally in place in the country, the government approached the industry in a proactive manner and basically decided to figure the rest out as you went along." Khiba also discusses the illicit market, the benefits of the regulatory market, homegrow, and more.