North American cannabis companies are increasing their presence in the UK to gain entry to a market that is anticipated to reach £16.5bn in the next decade. Five major Canadian companies have started importing cannabis into the UK since November last year, while Canopy, the world’s largest publicly traded producer, has gone into partnership with the British research institution the Beckley Foundation to develop medical cannabis. In May it bought a stake in the UK skincare brand This Works for £43m.
North American cannabis companies are increasing their presence in the UK to gain entry to a market that is anticipated to reach £16.5bn in the next decade. Five major Canadian companies have started importing cannabis into the UK since November last year, while Canopy, the world’s largest publicly traded producer, has gone into partnership with the British research institution the Beckley Foundation to develop medical cannabis. In May it bought a stake in the UK skincare brand This Works for £43m.
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