Currently, only 11 countries are reported to allow the growing of industrial hemp in Africa, including Botswana, the Kingdom of eSwatini, Ghana, Lesotho, Malawi, Morocco, Rwanda, South Africa, Uganda, Zambia and Zimbabwe.
Most countries adopted the 0.3% THC standard used in the United States and other countries for hemp plants, but Malawi and Zimbabwe set the limit between marijuana and hemp at 1.0%.
Although there are very limited quantities of CBD products available in Africa the continent shows off an ever-growing market. One of the main reasons CBD consumer goods are set to increase its popularity in the continent is that Africans are moving to the city. Africa’s population of roughly 1.2 billion is expected to double by 2050 with more than 80% of that growth will live in cities.
“Industrial hemp can be alternative crops to offset contraction of the tobacco market,” says the New Frontier Data report (The Africa Regional Hemp and Cannabis Report: 2019 Industry Outlook). Africa has various advantages including affordable land, low-cost labour and an experienced agricultural workforce.
The Hemp Business Journal estimates hemp retail sales in African markets at $133 million in 2022.
Africa Hemp CBD Business Plan Sample. Table of Contents.
EXECUTIVE SUMMARY
Project Scope
Market Opportunities
Start-up Summary
Financial Projections
COMPANY DESCRIPTION
PROJECT SCOPE
Mission/Vision/Goal
Objectives
Products & Services
Key Markets
MARKET OVERVIEW
Global Market Overview
Africa Hemp CBD Industry
Competitive Advantages
Hemp CBD Market Projections and Perspectives
SWOT Analyses
STRATEGY & IMPLEMENTATION
Marketing Plan
Launching Strategy
Sales Forecast
OPERATIONAL PLAN
Location/Facilities
Cultivation Method/Equipment
Extraction Method/Equipment
Fiber Products
Physical Security Plan
Packaging and Labeling
Transportation
Tracking Solution
ORGANISATIONAL STRUCTURE & MANAGEMENT
FINANCIAL PROJECTIONS
Direct and Operational Costs
Profit & Loss Forecast
Cash Flow Statement
Balance Sheet
Main Ratios
Funding Analyses
APPENDICES
Income Statements, monthly
Cash Flow Statements, monthly
Floor Plans
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