Marijuana Industry About to Go Global

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Although the United Nations international drug treaties have upheld an official prohibition against marijuana, the marijuana industry has spread across the Americas, Europe, and Asia.

It's official: The marijuana industry is international. Sure, cannabis grows in every country thanks to black-market botanists-turned-capitalists, but there are also sizable and completely legal industries outside of the U.S., like Israel's 10-year-old medical industry. As governments from Germany to Australia to the U.K. are on the verge of legalizing some form of marijuana, the global opportunity is coming into focus.

Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical-grade cannabis producer Tilray, explains how Tilray is already exporting marijuana to countries like Croatia and Australia for use in clinical trials.

"We are in talks with Germany right now," abouta deal to provide medical marijuana in that country, said Kennedy at a panel discussion...

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