Asia emerging as new frontier for Canadian cannabis players
While Asian nations are unlikely to be as accepting of recreational cannabis, they may be more likely to accept medicinal cannabis
Bloomberg (US)
Thursday, May 30, 2019
Thursday, May 30, 2019
As cannabis companies eye expansion in European and South American markets, Asia is poised to be a new frontier for some major Canadian pot players. Despite being the world’s most populous continent, it is estimated that Asia’s cannabis usage is about two per cent, or 85.5 million people, according to London-based cannabis data provider Prohibition Partners. However, several Asian countries are on the cusp of embracing medical cannabis and the continent could see its marijuana market grow to as much as US$5.8 billion by 2024, Prohibition Partners said in a recent report. That’s caught the attention of some Canadian cannabis players including Canopy Growth Corp.
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