Cannabis is a hyper-local business in the United States, mainly because marijuana isn’t allowed to cross state lines. However, this isn’t the case for other countries, where weed is federally legal for either recreational or medical purposes. In this context, Canadian companies are racing to establish a strong international footprint.
Back in March, Benzinga shared a look at Cronos Group Inc (CVE: MJN) (OTC: PRMCF)’s incursion into the German market; and in June, we talked with Maricann Group Inc. (CSE: MARI), which is also allocating resources to build up its production capacity in the European country – which recently legalized medical cannabis. However, we left out the largest player in the legal marijuana space: Canopy Growth Corp (TSE: WEED) (OTC: TWMJF).
In order to paint a more complete picture of the current situation, Benzinga reached out to Canopy Growth’s Director of Communications and Media Jordan Sinclair and to discuss existing projects