Canada’s Marijuana Industry Looks Abroad for Growth

Countries like Spain, Italy, and Colombia are probably the subsequent progress alternatives for Canadian hashish corporations after a flurry of consolidation at house.

The marijuana business noticed its largest deal so far on Monday with Aurora Cannabis Inc. agreeing to accumulate MedReleaf Corp. for $2.9 billion ($2.27 billion U.S.). That adopted Edmonton, Alberta-based Aurora’s deal to purchase CanniMed Therapeutics Inc. in January for roughly $1 billion and a number of other smaller offers.

Canada has emerged as a worldwide chief within the pot business because it turns into the primary Group of Seven nation to legalize the drug for leisure use later this yr whereas a ban on the federal degree retains pure-play U.S. pot corporations from main exchanges south of the border. There at the moment are 90 publicly listed corporations in Canada with a market worth of about $31 billion.

– Read all the article at The Star.


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