Foreign investors are quietly buying up domestic cannabis businesses, turning mom-and-pop shops into corporately owned storefronts and cultivation centers. It’s happening in the United States, and all over the world. As global interest in cannabis legalization continues to rise, the potential for international trade and investment opportunities are growing right alongside it. Some of the largest cannabis companies in the world, most of which are from Canada, are establishing operations in different countries. For example, publicly-traded Canadian company Canopy Growth now holds licenses to cultivate cannabis in Europe and South America (Denmark and Columbia, specifically). This is following a stint of operations in South Africa and Lesotho. And they’re not the only ones. Canadian companies both large and small are expanding globally. Aurora operates in 25 countries so far, Cronos Group has branches in 5 countries, Aphria is present in at least 10 countries that we know of, and numerous other small companies that you likely haven’t heard of, are buying cultivation and retail businesses across borders. Growth and development is not always all it’s expected to be, however.
Alexandra Hicks, CBD Testers, 04/26/2022 20:00:00