The Cannabis Lesotho Industry, has its roots in the 1961 Single Convention on Narcotic Drugs, 1961 as amended by the 1972 Protocol, Convention on Psychotropic Substances of 1971 and United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances of 1988. The Cannabis industry in Lesotho is governed and regulated by the Drugs of Abuse No. 5 of 2008, which amongst others ensures the availability of Cannabis for medicinal and scientific purposes whilst avoiding diversion to the illicit market and the Drugs of Abuse (Cannabis) Regulations No. 40 of 2018 (soon to change). The Office of Head Pharmacy Policy and Regulation, under the Ministry of Health’s direction, administers the issuance of licences and regulates the cannabis industry, and is in regular contact with the International Narcotics Control Board (“INCB”) which ensures consistent compliance and implementation of the United Nations international drug control conventions.
The dawn of the Drugs of Abuse (Cannabis) Regulations brought a new regime for Cannabis regulation in Lesotho for medical and scientific use of cannabis (hemp). The Regulations also ensure Good Manufacturing Practices (GMP) and effective cannabis and hemp traceability system throughout the chain of custody from seed-to-sale.
As a new industry in a developing country, the cannabis industry in Lesotho is seen as a potential engine for growth and development. The investment climate for manufacturing, production, distribution and marketing of Cannabis for medicinal and scientific purposes in Lesotho is very friendly for investors, both seasoned and new entrants. The Cannabis industry in Lesotho offers multiple opportunities from the way an operator licence is structured to the fact that Lesotho has potential to be a hub for research and development in the industry (Pioneer Industries).
Investment and Transactional Advisory Services
As in many jurisdictions, the Cannabis regulation in Lesotho continues to evolve, and SELLO-MAFATLE ATTORNEYS’s team of experienced lawyers is available to offer guidance inter alia on compliance, land acquisition, tax advisory, and corporate governance. We pride ourselves in being the pioneer law firm of the Cannabis regulatory regime and transactional advisory in Lesotho. We assist our local and international clients in the Cannabis Industry in Lesotho in diligently negotiating investments, increasing their investment portfolios and the drafting of relevant operational documents inclusive of Loan and Subscription Agreements.
Our experienced team of lawyers also conduct comprehensive appraisals and high level due diligence on transactional targets of clients to ensure sound investments. At the core of our services is an understanding of the cultural and political dynamics that underpin the Cannabis industry in Lesotho and its commercial aspects. The reason is simple; SELLO-MAFATLE ATTORNEYS is a Southern African brand and it has expertise.