Canadian pot growers eye global expansion
Canada growers are chasing first-mover advantage, analyst says
Bloomberg (US)
Thursday, December 28, 2017
Thursday, December 28, 2017
Canadian medical marijuana is setting the stage to go global. The country’s emerging legal producers have a chance to seize opportunities in other countries that could make them worldwide leaders, according to Canopy Growth Corp. Chief Executive Officer Bruce Linton. “If you pick a theme for 2018 it will be the globalization of medical cannabis," said Linton, whose company is the world’s largest publicly traded medical marijuana producer. “It’s not difficult to see a really substantial global market coming off what starts here." There are now at least 80 cannabis companies listed on Canadian exchanges whose combined market value has ballooned to more than C$20 billion ($15.9 billion), according to data compiled by Bloomberg.
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