South Africa Passes Groundbreaking Cannabis Bill: A New Era for the Industry
Gabriel Theron Gabriel Theron

South Africa Passes Groundbreaking Cannabis Bill: A New Era for the Industry

South Africa Passes Groundbreaking Cannabis Bill: A New Era for the Industry

In a historic move, South Africa has passed the Cannabis for Private Purposes Bill (CfPPB), signed into law by President Cyril Ramaphosa on 28th May 2024. This legislation establishes a comprehensive framework for the private cultivation, possession, and use of cannabis by adults, aligning with the Constitutional Court's 2018 ruling.

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Cilo Cybin Holdings IPO Closes early due to overwhelming response.
Gabriel Theron Gabriel Theron

Cilo Cybin Holdings IPO Closes early due to overwhelming response.

Johannesburg, South Africa - Tuesday, 26 March 2024: Cilo Cybin Holdings Ltd, a Special Purpose Acquisition Company (SPAC) based in Johannesburg, South Africa, has successfully closed its Initial Public Offering (IPO) for public investment. The company achieved a milestone within record time by reaching the required R7 101 791, approximately 10% of total shares available, after announcing the opening of the IPO to the public on Thursday, 14 March 2024.

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