U.S. Cannabis Growers Could Face International Competition

Canada’s Tilray, which applied unsuccessfully for a license in New York, has a license to export to Australia

As if the challenges of running a cannabis cultivation business aren’t great enough, some in the industry expect that domestic growers could soon see international competition. While cannabis remains illegal in the United States but legal under certain conditions within many states, other countries are adopting federally legal medicinal cannabis, and Canada is moving towards full legalization.

Will Yakowicz addressed the issue, bringing in the perspective of Brendan Kennedy of Privateer Holdings, which owns Canadian licensed producer Tilray. Kennedy has visited several countries in the past few months and suggests a global perspective on the cannabis market.

If I could short the indoor grow market in Denver, I would.

Brendan Kennedy Privateer HoldingsBrendan Kennedy, CEO of Privateer Holdings

You have to look at other models of tightly controlled agricultural products used for medical purposes, like poppies, which are grown in Australia, Spain and other climates that are beneficial for low-cost production. The bulk of marijuana produced around the world will be grown outside in greenhouses or fields.

The article also included the view of Aeron Sullivan, Founder of Tradiv, who agrees with Kennedy.  He expects the industry will shift to outdoor production, suggesting that places like Cambodia or India could become major sources of legal global cannabis in the future.

Read Will Yakowicz’s “Forget Colorado Weed, Marijuana Companies Are Going Global”: http://www.inc.com/will-yakowicz/forget-indoor-weed-welcome-to-the-global-marijuana-market.html

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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