Forget Colorado Weed, Marijuana Companies Are Going Global

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Legal marijuana is already a global industry and the U.S. is behind the curve.

When you think of the legal marijuana industry, you think of Colorado and California. But marijuana is not uniquely American, nor is the legalization movement.

Medical and recreational marijuana is a multi-billion dollar global industry, with various programs either ready to be implemented or already up and running in countries like Canada, Australia, Germany, Italy, and the Czech Republic. Despite global drug policy, marijuana is grown, distributed and used all over the world. While Colorado and California are looked at as models of the modern marijuana economy, the U.S. lags behind other countries like Canada, which already has a fully-functional nationwide medical program and will launch its nationwide recreational program in the next year.

Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical-grade cannabis producer Tilray,...

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