Last year, the Constitutional Court ruled that the private use, cultivation and possession for personal use of cannabis was legal.
Leaf Botanicals chief executive Johanne van der Colff said: “The licence allows us to start up a business that will create work opportunities and earn foreign currency for SA.”
The cannabis would be cultivated in the Northern Cape, Van der Colff said, and the company would only be growing the plant and supplying the medicinal market.
“It is really important that we distinguish between cannabis for medical use and cannabis for private use. The cannabis for medical use is very regulated, the same as for any other medicine.”