Canadian CANNAINVESTOR Magazine December 2018 | Page 69

2019. This isn’t news to CannaInvestor Magazine readers, who if you took the time to read my article back in July 2017, would have noted that the expected domestic cultivation date to be 2019, and although I am kind of tooting my own horn, it’s a good horn for all, if your invested in Canadian LP’s.

The market in Germany relies solely on imported cannabis and is currently being supplied by quite a few Canadian companies, as well as from the Netherlands. Germany’s Federal Institute for Drugs and Medical Devices (BfArM), responsible for licensing and regulating planting, harvesting, processing of cannabis for medical purposes and quality control, will have a hard time incorporating new German licensing applications as many international companies have considerable experience that has taken time to gain. One interested applicant, Jurgen Scholz, along with

several businesspersons, echoes those sentiments: “the large companies have a clear competitive advantage but I hope the BfArM will take into account that German firms don’t yet have so much experience in the field”. New rules for quality control, testing, identifying strain characteristics, and the like, are something Germany’s illegal growers will struggle with in legalizing their businesses.

Think of it like Canada and Russia in world hockey dominance for many many many years. It wasn’t until the 1980’s when countries such as the USA and Sweden started gaining prominence. It takes time to cultivate an entire industry from the ground up, and Canadian LP’s, the Team Canada of cannabis, the CCCP of marijuana, has a tremendous opportunity to dominate.

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