Market Potential Estimated at $7.1 Billion
GoIP Global Inc. (OTC Pink: GOIG) announced today that the European-based market intelligence and strategic consultancy firm Prohibition Partners’ latest report states Africa’s legal cannabis industry could be worth more than $US 7.1 billion annually by 2023 if legislation is introduced in a number of the continent’s major markets: www.prohibitionpartners.com.
In Kenya, GoIP is working with authorities to legalize and permit the growing of cannabis for Export. As an update to the previous press release by the company, GoIP has received positive initial response for a license, and is diligently working towards a final initiative to grow and export cannabis and industrial hemp. The process is underway and the government requested prerequisites are being addressed. GoIP’s team plans to revisit Kenya shortly to further pursue this initiative, and together with Attorney Robert Hoban, an expert Cannabis lawyer that works with governments worldwide to address legislation for Cannabis legalization, work towards that end.
Ike Sutton, CEO, stated, “After receiving the approval to move forward, and seeing how quickly the cannabis industry is evolving on the world stage, I’m excited and highly confident regarding our initiatives in Kenya. I’m looking forward to getting back to Kenya next month and working to finalize this project.”