Spectrum Cannabis Lesotho
To expand its capabilities in the African market, Canopy Growth has established Spectrum Cannabis Lesotho. Spectrum Lesotho holds a licence to cultivate, manufacture, supply, hold, import, export and transport cannabis and its resin. In 2017, Lesotho was the first African nation to legalize medical cannabis. The mountainous kingdom boasts over 300 days of sunshine per year resulting in ideal humidity and growing conditions for greenhouse cultivation. Along with very low operating and resource costs, this places Spectrum Cannabis in a position to produce large quantities of high-quality cannabis at a low cost. Lesotho is also strategically positioned in relation to South Africa. This opens up the potential market of South Africa which has a population of over 55 million people and is currently developing medical cannabis laws and regulations.