Large Canadian LPs (Licensed Producers) clearly have established the first mover benefit. The benefit is that you will be the first pick out of all your competitors. This is when the firm is in a position where there aren’t any rivals in the manner throughout their first years in the business. Canada has been a country that truly believes in what the flower has to offer. They do not only keep it to themselves, but actually emphasize the benefits that come from marijuana.
Canadian marijuana firms are forward of the curve when it comes to making their mark abroad as they look for ways on discovery and probably patenting marijuana based cures. They have not only been growing, but testing ways it can possibly cure lives. Canadian LPs knew there is more to marijuana than just getting high.
It is estimated that the global marijuana market could be a value of 200$ billion. Canopy Growth CEO Bruce Linton states, “Canada is emerging as a leader in public policy around marijuana and other countries will need its know-how as they shift toward making cannabis and cannabinoids part of standard medical treatment,” he told Bloomberg in an interview last month. This gives Canopy Growth a chance to export product while domestically they make the transitions they need to implement the rules.
Canada is obviously ahead of the game when it comes it the marijuana business. Canadians know that there is going to be big money coming in from the United States, now that there is more demand. There are 9 states legalized for the use of recreational and 28 states for the use of medicinal marijuana. The cannabis market is going to boom no doubt about it. In other words, get in there first, mark your territory, set up your model, and your shoppers, no matter nationality, there is going to be a high demand for the product. Start applying for the proper licenses that will get you to grow the marijuana business you have always been wanting. Click here for more information.