Lesotho’s GDP has been declining since 2012. Economic growth has been slowing, recording 2.3 percent growth in 2017 in contrast to a healthy 7 percent growth in 2011, according to fi gures published by the Bureau of Statistics on Tuesday this week. All these leave Lesotho’s economy trailing behind her peers in the Southern Africa region.
Saddled with a high unemployment rate and increasing fiscal problems, Lesotho is frantically looking for alternative ways of growing its economy, more so now more than ever before when SACU revenues are also depleting steadily, as the trade pact’s main benefactor South Africa’s economy struggles with turbulent times.
The textile sector, which employs more than 40 000 workers, making it the second largest employer a er the public service, is also standing on shaky ground due to domestic labour issues and the possibility of US policy changes on AGOA on which garment exports are hinged.
This is why the medical cannabis industry could not have come at a better time.
This week, through Medigrow Lesotho’s communications officer MPHO SEFALI (MS), Public Eye got the following exclusive interview with Dr Deepak Anand (DA), a visiting Canadian expert in the budding industry of medical cannabis to give insight into ways the industry will help grow the economy.