North Macedonia wants a piece of the cannabis pie, but the road to profitability won’t be easy.
As the European market slowly opens up to the production and sale of marijuana, smaller countries are turning to the drug as a way to jumpstart their economies and attract the capital and expertise of experienced operators elsewhere in world.
With cannabis still prohibited at the federal level in the U.S., Canada has been given an early shot at international markets that may become players over the next five years.
Many Canadian companies have been able to use their international operations to help offset what has been a trying couple of years for the industry in North America. All of this has presented an opportunity that developing countries are hoping to cash in on.
“If we want to raise economy in North Macedonia, cannabis is the way to boost it,” the country’s healthcare minister Venko Filipche said,…