Why Canada’s Better At The Pot Business Than US Is

The first licensed producer has been fully authorized to produce cannabis oil from medical marijuana.

CANADA:  There’s a place where you can buy medical marijuana without any worries, a place where the people growing marijuana wear laboratory-style “clean suits,” where scientists do extensive research into potential treatments using cannabis, and where marijuana business owners can put their cash into a bank account instead of a vault.

It’s Canada.

“We don’t have a roadblock in regards to banking; we don’t have a roadblock in terms of conflict between state and federal law,” said Brendan Kennedy, president of Tilray, which runs a 60,000-square-foot, indoor marijuana facility in Nanaimo, British Columbia.

Tilray produces and sells medical marijuana to 4,000 patients through a facility that can produce 4,000 kilograms of pot a year. It opened last year after the Canadian government decided to farm out medical marijuana production to privately run facilities. “We’re one of 15 companies licensed to produce cannabis for patients,” Kennedy said.

 

Read full article @ CNBC

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