Implication of Regulated Cannabis Legalisation on Wellbeing and Economic Growth

dc.contributor.authorQuarshie, Emmanuel
dc.contributor.supervisorAlagidede, Imhotep Paul
dc.date.accessioned2024-09-13T09:36:57Z
dc.date.available2024-09-13T09:36:57Z
dc.date.issued2022
dc.descriptionDoctoral thesis submitted in fulfilment of the requirements for the award of the degree of Doctor of Philosophy The Graduate School of Business Administration, Wits Business School University of the Witwatersrand, Johannesburg 2022
dc.description.abstractThis is a thesis on the cost benefit analysis of cannabis legalisation, public (mis)perception about cannabis usage and cannabis users, the medical application of cannabinoids and their commercial and industrial potential in the new global political economy. The study shows that, although there are misconceptions about cannabis, there is still much to unpack about its effects on human well-being. Drawing on both qualitative and quantitative cross-country dataset from Ghana and South Africa, the study employed a logit model to address the following questions: (a) What does society know about cannabis and its industrial and medical applications? (b) What is the evidence-based scientific claims of cannabis regarding human well-being? (c) What are the existing gaps between perception and knowledge? Among the contributions, this study clarifies the often-misunderstood position of cannabis in society and illuminates the blind side of the role of cannabis as an economic enabler in the post pandemic world. More importantly, while some schools of thought project cannabis as a gateway drug to the infernal realm, this study provides evidenced based on real-time practical experience from well- informed and educated users. The study provides a model for regulated cannabis legalisation, a proper guide on value-added supply chain mechanism, and guiding principles to ensure the model functions properly, based on lessons and best practices from countries that have legalized cannabis, such as the Netherlands, Canada, Lesotho, Malawi, Zambia, South Africa, and Zimbabwe. This study further establishes empirical and theoretical foundations for the key thematic subjects of cannabis use, as well as a policy direction pertaining to its regulated legalisation, prohibition, or decriminalization in Ghana and South Africa. Given the disconnect between knowledge and perception about cannabis, the study recommended knowledge enhancement and adequate advocacy on the pros and cons of cannabis for society to enhance understanding of the benefits and its side effects to provide evidence-based guidance on the medical application and industrial potentials
dc.description.submitterMM2024
dc.facultyFaculty of Commerce, Law and Management
dc.identifierhttps://orcid.org/ 0000-0002-4415-0612
dc.identifier.citationQuarshie, Emmanuel. (2022). Implication of Regulated Cannabis Legalisation on Wellbeing and Economic Growth [PhD thesis, University of the Witwatersrand, Johannesburg]. WireDSpace.https://hdl.handle.net/10539/40768
dc.identifier.urihttps://hdl.handle.net/10539/40768
dc.language.isoen
dc.publisherUniversity of the Witwatersrand, Johannesburg
dc.rights© 2022 University of the Witwatersrand, Johannesburg. All rights reserved. The copyright in this work vests in the University of the Witwatersrand, Johannesburg. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of University of the Witwatersrand, Johannesburg.
dc.rights.holderUniversity of the Witwatersrand, Johannesburg
dc.schoolWITS Business School
dc.subjectCannabis
dc.subjectCBD
dc.subjectTHC
dc.subjectHealth
dc.subjectIndustry
dc.subjectEconomic Growth
dc.subjectMigraine
dc.subjectCancer
dc.subjectUCTD
dc.subjectAnxiety
dc.subjectPerception
dc.subjectGhana
dc.subjectSouth Africa
dc.subject.otherSDG-8: Decent work and economic growth
dc.titleImplication of Regulated Cannabis Legalisation on Wellbeing and Economic Growth
dc.typeThesis
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