What You Need to Know Before Going International with Your Cannabis Business
Taking your cannabis business to international markets can yield huge profits. After all, cannabis is completely legal in places like Canada, Jamaica, Colombia and Italy, and they don’t face the same tax, research and patenting issues as countries like the United States.
While going international with your cannabis brand might seem like a great idea, doing so within legal guidelines is not always straightforward and easy to do.
According to Simone Cimiluca-Radzins for Kalogia, entering into the international cannabis market involves taking risks and overcoming barriers. The one thing you really want to know is that in order to integrate your brand into a new market, you must connect with foreign officials on a personal level. Getting to know foreign officials on a personal level can be difficult, however, because if you do the wrong thing, you could be violating The Foreign Corrupt Practices Act of 1977 (FCPA).
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