Cilo Cybin becomes first medical cannabis company to list in South Africa

South Africa's Cilo Cybin on Tuesday became the first medical cannabis company to list on the Johannesburg Stock Exchange's Alternative Exchange, as it hopes to capitalise on growth in the legal marijuana industry. South Africa in 2018 legalised marijuana for personal use and in 2019 legalised the sale of cannabidiol, a non-psychoactive compound derived from the cannabis plant.