Friday, March 5, 2021
  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us
No Result
View All Result
WORLDHAB
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media
No Result
View All Result
WORLDHAB
No Result
View All Result

Home » News » Canadian Cannabis Investors protect their key position in the global marijuana market

Canadian Cannabis Investors protect their key position in the global marijuana market

October 18, 2019
in Business, News
21
0

The new Cannabis National Working Group is forming to forster Canadian cannabis position in the world, and businesses such as GreenStar Biosciences Corp. (CSE: GSTR)

Greg Engel, General Director of Organigram (OGI), fears competition from the United States. Engel is at the forefront of one of the largest cannabis companies in Canada. He hopes that the largest business association in the country will help the weed industry to stay ahead of the United States.

Canada was the first G7 country to legalise the cultivation, sale and use of medicinal and recreational weeds, thus gaining a huge leadership and monopoly position in the world. Soon after that, there were several states in America. Engel hopes that the new Cannabis National Working Group will push Ottawa to maintain its leading position. “Canada is uniquely positioned for leadership. We do things on a scale and scope that no one else does.”

cannabis investors

Economic potential

According to the Canadian Chamber of Commerce, a new working group is calling for government policy to help the industry realise its full economic potential. The organisation structure includes one of the founding members together with major cannabis producers such as Canopy Growth Corp (WEED.TO) and HEXO Corp. (HEXO.TO). Parties such as Deloitte Canada and Detons Canada LLP are also part of the group.

The interest of investors enabled Canadian companies to strengthen their international position and build facilities for large-scale cultivation. Meanwhile, U.S. federal law restricts the reach of cannabis companies and forces producers to operate at street level.
The American cannabis market

The growing number of states that legalize cannabis and envisage reforms at the federal level means that investors are increasingly focusing on the US. Moreover, Engel said that it is difficult to predict how Washington’s position on cannabis will change.

“What I really see as a threat to Canadian industry is a change in the US from the perspective of the regulatory framework,” says Engel. “We have the opportunity to take advantage of the position that we still have in the short term.”

Some Canadian cannabis companies have already entered the US market, such as an investment company GreenStar Biosciences Corp. (CSE: GSTR). GreenStar is building a diverse portfolio of local cannabis competitors with the highest growth potential in North America. Their partner company Cowlitz is a Washington State-based producer and distributor of cannabis products that delivers high quality marijuana at competitive prices. The company grew significantly with GreenStar’s support. At the end of 2018, the company recorded an impressive $14.6 million revenue after only five years of operations. The company manages a steady $4 million quarterly revenue thanks to high demand on the market and a guaranteed supply.

Legalization and policy

Recently, Illinois legalized recreational use of cannabis, making it the eleventh state to do this in the US. This is still under consideration in many states but there is a good chance that more of them will join. However, cannabis remains illegal at the federal level. It is classified as a substance with no medical value and a high potential for abuse.

Engel said that the new National Cannabis working group is setting priorities. He hopes that within the financial, legal, construction and transport sectors, the group will finally give guidance on policies that advance the interests of Canadian cannabis worldwide.

“The most important aspect is that public policy and decision-making in Canada are really taken as a starting point. However, I believe that in many ways the Chamber of Commerce works closely with the management and is internationally active.”

Share9Tweet6SendShare2Pin2Share
Previous Post

AppSumo launched BeLive Lifetime Deal for $59

Next Post

Thinking Forward is Essential for Business Success

Chrissy Ryland

Chrissy Ryland

Chrissy Ryland - I'm a freelance writer and blogger from Northern California. I grew up loving all things entertainment and travel and now I am blessed with a career that lets me write about both of those topics along with many others. For inquiries about a story you think I might want to cover, please contact me at worldhab@gmail.com

Related Posts

CHO Recruitment 2020

CHO Recruitment 2020: Rajasthan High Court instructed to issue the cut off

February 23, 2021
SBI Annuity Deposit Scheme Interest Rate

SBI Annuity Deposit Scheme Interest Rate: Earn Regular Monthly Income

February 17, 2021
Gujarat Chief Minister Vijay Rupani tests Covid positive after fainted on stage

Gujarat Chief Minister Vijay Rupani tests Covid positive after fainted on stage

February 16, 2021
Mexico have received 8 lakh corona vaccines from India

Mexico have received 8 lakh corona vaccines from India

February 16, 2021
Decentralized economy

Society is Building a Decentralized Economy and Bitcoin is Here to Fund It

February 15, 2021
Sambit Patra posted Edited Video to portray Delhi CM Arvind Kejriwal supporting farm bills

Sambit Patra posted Edited Video to portray Delhi CM Arvind Kejriwal supporting farm bills

January 31, 2021
Bitcoin jumped high after Elon Musk Twitter Bio Update

Bitcoin jumped HIGH after Elon Musk Twitter bio update

January 29, 2021
How to send Happy Republic Day Stickers, GIFs On WhatsApp

Happy Republic Day 2021: How to send Happy Republic Day Stickers, GIFs On WhatsApp

January 26, 2021
Next Post
Thinking Forward is Essential for Business Success

Thinking Forward is Essential for Business Success

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

FOLLOW US

Follow our social media pages and get updates quicker than ever.

Facebook Twitter Youtube Instagram

RECENT POSTS

Bitcoin price dips less than 6200 USD

The Most Worthful Affiliate Network in Crypto and Finance

March 2, 2021
wall painting hacks

Painting Hacks to Brighten Up Indoors

February 23, 2021
cushion cover

Purchase Stylish Cushion Covers Online To include Grace To Your house

February 23, 2021
Bigg Boss Malayalam 3 Vote

Bigg Boss Malayalam 3 Vote: Save your Favourite from week 2 eviction

February 23, 2021
CHO Recruitment 2020

CHO Recruitment 2020: Rajasthan High Court instructed to issue the cut off

February 23, 2021

ABOUT

Founded in 2016, WORLDHAB delivers news from the various niches around the world for the targeted audience. For any advertising queries, contact us anytime.

We got approved in Google news and Bing news in earlier 2016. And since then, we help small businesses to grow their business by improving their website authority.

POPULAR CATEGORIES

  • Business
  • Finance
  • Insurance
  • Bitcoin
  • Entertainment
  • Sports
  • Football
  • Cricket
  • Lifestyle
  • Health
  • Travel
  • Romance
  • Technology
  • Education

FOLLOW

Facebook Twitter Youtube Instagram Pinterest LinkedIn Vimeo

WORLDHAB STATS

  • Monthly Traffic: 50,000+
  • Site Age: 5 Years
  • Google News Approved
  • Bing News Approved
  • Alexa Rank: 912,985
  • Domain Rating: 22
  • URL Rating: 24
  • Domain Authority: 33
  • Page Authority: 38

CONTACT

For Guest posts, Sponsored posts, Advertising enquiries, contact: support@worldhab.com

  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us

© 2020 WORLDHAB - Premium WordPress theme by VISION.

No Result
View All Result
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media

© 2020 WORLDHAB - Premium WordPress theme by VISION.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.