Canada's Medical Pot Companies Aim to Grow Export Business
Canada’s licensed medical cannabis producers are searching for opportunities to expand overseas while Ottawa works on its plan to legalize recreational marijuana next spring, with two producers recently securing licences to sell their products in Europe.
The latest company to announce plans to export marijuana is Canopy Growth Corp., the largest of the country’s two dozen licensed producers. Canopy Growth said it would soon begin selling dried cannabis in pharmacies across Germany after securing an export licence from Health Canada on Wednesday. The company also said it had signed partnerships to share its technical expertise with medical marijuana companies in Brazil and Australia.
Last month, B.C.-based Tilray announced it had shipped cannabis oil capsules to patients in Croatia for the first time.
Canopy Growth chief executive officer Bruce Linton said his company is preparing to enter Germany, which will legalize medical marijuana next year. Plans for opening a factory inside...
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