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I heard lesotho has a huge business of selling medical marijuana to Europe. [1] I met a guy in this business, the scale is huge. 1. https://time.com/5752765/le

• dumbfoundded 7y ago
  The European cannabis market is early and developing. Many companies have been bitten by building out capacity before demand. All of the Canadian cannabis companies way over produce for the Canadian market so they planned to sell to Europe and possibly the US. Other countries like Columbia are also aiming to get this international export market.
  • 52-6F-62 7y ago
    From what I understand the overproduction isn't because of lack of demand, but provinces' slow rollout of sale and distribution. For instance, here in Ontario the government had a plan that would have had 40 physical stores across the province by October 2018 with plans for more. The incoming government killed that. The province saw fewer than 20 stores by the following April, largely concentrated in Toronto. Everything did look primed for a great market and it was essentially kneecapped out of political spite.
    • dumbfoundded 7y ago
      IIRC, the value of the combined public Canadian cannabis companies was >$10B (before the 2019 q2/q3 collapse). The size of the Canadian cannabis market is <$5B. I believe analysts priced in the export market opportunity, particularly to Europe and the United States. I do believe problems with the implementation in the Canadian market hurt cashflows and accelerated the expected timeline of investors to find other markets. These rollout problems certainly hurt but everyone knew Canada isn't a huge market.
    • deleted 7y ago
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