What Does Cannabis Legislation Mean For International Business?

By Author: Emily Ledger
Total Articles: 12
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Cannabis legalisation is good news for the global industry and the companies which are planning for expansion and creating footprints in various other nations of the world. But that should not be the case always as it is also in the mode to create opportunities for such countries to emerged as exporters for cannabis themselves, and this way they can act to end up the competition head-to-head with a large number of producers from North American. There are few international companies which pride itself on its global presence and has its footprint in several countries and with good numbers of global production facilities.

In Zimbabwe, one pilot project is in the process that will show how industrial hemp will be grown on grounds of prison in Harare. One major motivation for the nation’s government to permit the cultivation of hemp is that it can be a wonderful substitute for tobacco, which is based on 2017 data, contribute half of the annual exports of the country. Zimbabwe emerged second among African nations after Lesotho that legalised marijuana for scientific as well as medical use.

Thailand is one Asian country ...
... that proved receptive to medical marijuana. It is predicted that this legalisation will give scope to individuals towards growing a maximum of six cannabis plants and that too for medical purposes. The Government Pharmaceutical Organisation is showing forecast that by the end of coming February it will make around 1 million cannabis oil bottles which contain 5 millilitres each.

Aurora Cannabis of Canada and other companies of Canada consider farm bills passed by the US last year as one big opportunity for making expansion into the market of the U.S. The core problem is that it is not going to compete only with the Canadian producers but also with the U.S. hemp producers too. The markets of hemp are very sensitive for the company's financial statements, it seems like the cannabis producers need to give a solid brake for the international expansion. Companies like Aurora and Aphria, which are seriously banking on international growth may find a serious impact on their market share as well as overall valuations. But still, there is good news as the international markets are still far from being called developed like ones in North America and it will give enough time to Aphria and Aurora to strengthen financials to prepare for global stage battle.

About the Author:
Emily Ledger is a journalism graduate from Sheffield Hallam University, where she specialised in feature and magazine writing. Following graduation she volunteered at local publishing company RMC Media, where she contributed to both content writing and magazine layout design. Emily now works at a Sheffield and London-based digital marketing company, Omni, writing content for a unique news website. The website, The Cannabis Exchange (Canex) is the #1 CBD news website in the UK.

Canex is the best source to find the latest news and information for CBD products in UK online. Visit them to know about the CBD legislation. https://canex.co.uk/