Major International Cannabis Business Deal Reached


There are signs that cannabis legalization is progressing at a rapid pace are abundant around the globe these days. From electoral victories to cultural milestones to the news that advocates are laying the groundwork for future political success stories all around us. Of course, cannabis legalization is also major economic news and the recent report of a major international  business deal is yet another signal of the global progress to end prohibition.

The Globe and Mail reported:

Canopy Growth Corp. of Smiths Falls, Ont., has an agreement to buy pharmaceutical distributor MedCann, which has placed the Canadian marijuana company’s Tweed-branded cannabis strains in German pharmacies.

The purchase – subject to approvals – will be made with Canopy shares, which on Friday closed at $10.60 on the Toronto Stock Exchange.

At that value, the transaction would be worth about $7.2-million upon closing.

Canopy Growth, potentially a billion dollar cannabis company, obviously sees the benefit of acquiring a major German cannabis distributor. With Germany making major advancements in cannabis policy, especially in Berlin, Canopy Growth, like many industry observers, understands that Germany, an economic superpower, will be a huge market in the coming years. As Germany goes, the rest of the European Union will likely follow, only adding to the great momentum that we are seeing around the world.

The International Cannabis Business Conference (ICBC) in Berlin on April 10-12, 2017, will be delving into the latest developments in Germany, Europe and the world. The ICBC is poised to be a very important event during an exciting time for the international cannabis movement. You can learn more about the upcoming ICBC at

This blog post was originally published by the International Cannabis Business Conference and has been reposted here with special permission.

Anthony Johnson

Anthony, a longtime cannabis law reform advocate, was Chief Petitioner and co-author of Measure 91, Oregon's cannabis legalization effort. He served as director of both the New Approach Oregon and Vote Yes on 91 PACs, the political action committees responsible for the state's legalization campaign. As director of New Approach Oregon, Anthony continues to work towards effectively implementing the cannabis legalization system while protecting small business owners and the rights of patients. He sits on the Oregon Marijuana Rules Advisory Committee and fights for sensible rules at the legislature as well as city councils and county commissions across the state. Anthony helps cannabis business comply with Oregon's laws and advises advocates across the country. He also serves as content director of both the International Cannabis Business Conference and the Oregon Marijuana Business Conference, helping share the vision of moving the cannabis industry forward in a way that maintains the focus on keeping people out of prison and protecting patients. He was a member of the Oregon Health Authority Rules Advisory Committee, assisting the drafting of the administrative rules governing Oregon’s state-licensed medical marijuana facilities. He first co-authored and helped pass successful marijuana law reform measures while a law student at the University of Missouri-Columbia School of Law. He passed the Oregon Bar in 2005 and practiced criminal defense for two years before transitioning to working full-time in the political advocacy realm. His blogs on Marijuana Politics are personal in nature and don't speak for or reflect the opinions of any group or organization.