You can now invest in cannabis farming in South Africa
Financial services firm Fedgroup says those investing in its Impact Farming program can now also tap into the CBD market by investing in the emerging hemp market.
Through its Impact Farming platform, investors can already invest in six assets including a blueberry bush, a lettuce stack, a beehive, a moringa tree, a macadamia tree, a solar panel, and now a hemp plant, to start earning an income.
“Investors are now able to invest in hemp for R1,000 with a projected annual profit of 12%-14% over the three-year investment term. There are currently 9,100 units that have been made available on the platform. The plants are harvested once a year between March and May, with payments to investors expected in August.”
“This investment will assist the farmers to benefit from the considerable economic opportunity that this crop provides but will also play a crucial role in job creation and skills development,” said GM Warren Winchester: Ventures at Fedgroup.
South Africa is perfectly poised to benefit from the international CBD market, not only for local production but also for export. “The South African government is also active in facilitating the growth of the industry,” said Winchester.
Last year the global CBD market was calculated to have a market value of $4.5 billion market, by 2028 the value of this market is expected to reach $20 billion.
The strain of hemp that is being farmed has a very low THC level and is suitable to produce CBD which is used in medicinal and health products, said Fedgroup.
Launched four years ago, Impact Farming was created to connect investors with assets that create a positive impact beyond profit to include people and the planet.
Each asset undergoes a rigorous due diligence process that has been both developed and refined by Fedgroup to ensure that the assets on the platform are sound and sustainable investment opportunities, the financial group said.