Cannabis: Pre-history, economic potential and future prospects

Paul Alagidede from the Wits Business School will present this seminar hosted by the School of Economic and Business Sciences.

Throughout history a number of indigenous herbs have played various roles in sustaining life either as medicinal, food or industrial plants. Cannabis is one such multidimensional plant that is very little understood. Exploiting the recent Constitutional Court ruling on the personal use of cannabis, this lecture seeks to provide research and anecdotal evidence on the history and economic potential of cannabis especially in creating new jobs, and fresh thinking on entrepreneurship. A number of applications in healthcare and industrial and household properties and usefulness of cannabis is discussed. The lecture argues that the potential of cannabis far outweigh any detrimental effects, and public policy need to catch up with present realities. Finally, the political economy questions around prohibition, consciousness expansion and the future prospects of Cannabis are presented.

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