Best International Marijuana Stock

Marijuana is becoming a global superstar in terms of medical and recreational legalization, and marijuana company’s stocks are following suit. Long gone are the days where a marijuana stock is a small company with only ties to one country.

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By Steven M | Marijuanastocks.com

Marijuana is becoming a global superstar in terms of medical and recreational legalization, and marijuana company’s stocks are following suit. Long gone are the days where a marijuana stock is a small company with only ties to one country.

Canopy Growth Corporation (TWMJF) is in the limelight of the market these days for many reasons, but the focus of this article will remain on its international ventures. The list of countries where Canopy Growth has marked its presence or is in the process of establishing business is noteworthy.

Number one on their list is Germany, as the country recently legalized the use of medical marijuana but must import it while regulations are being drawn for domestic production. Canopy Growth’s Tweed division was the first Northern American company that gained approval to export medical marijuana to Germany last year. Later, the company acquired MedCann GmbH Pharma and Nutraceuticals, a German distributor of medical marijuana.

In 2016, Canopy launched a joint venture with Entourage Phytolab S.A. to market medical marijuana in Brazil and earlier this year established Spectrum Chile SpA to expand their business into Chile.. In September, Canopy announced a supply license agreement with Alcaliber, S.A, who is licensed to grow and market marijuana for medical and scientific purposes in Spain.

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