CAPE TOWN - Akos Bio, an online medical cannabis pharmacy, says restricting hemp-based food products without justification severely undermines economic growth and job creation.
Health Minister Aaron Motsoaledi has gazetted new regulations banning the manufacture, sale, and import of hemp and cannabis-derived food products.
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Health Department says this is to ensure consumer safety while working on a plan to involve the South African Health Products Regulatory Authority.
Akos Bio co-founder Connor Davis said, "There is a lot of money that has been investment, there a certain risk in that aspect where potential investors are going not want to invest in sector now."