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NEW YORK, June 12, 2019 /PRNewswire/ — Authorized cannabis might be fairly costly for customers, nevertheless, areas which have adopted laws early on are likely to usually have decrease costs. The costliest worth per gram is discovered inside international locations the place unlawful gross sales are nonetheless the one solution to get cannabis. And the most costly cannabis might be discovered predominantly in Asian international locations similar to Japan, South Korea, and China, the place cannabis is strictly prohibited. Specifically, illicitly traded cannabis in Tokyo, Japan can value as a lot as USD 32 per gram. Then again, the value per gram is as little as USD 1.34 in Quito, Ecuador. Curiously, Ecuador has not legalized cannabis for both leisure or medical use however as an alternative, the Nation has decriminalized as much as 10 grams of flower for private use. Equally, different South American areas similar to Bogota, Colombia and areas of Paraguay have priced their cannabis provide at roughly USD 2.20 per gram, in keeping with Leafly. The costs are considerably cheaper in South America, regardless that a number of U.S. states had allowed medicinal cannabis by the flip of the century. Within the U.S., cannabis costs are most cost-effective in Denver, Colorado and Seattle, Washington, which had been the primary two states to legalize leisure use. Nevertheless, their costs are almost triple or quadruple what they’re in South American areas. Seattle, on common, sells every gram of cannabis for about USD 7.58, whereas Denver priced every gram at roughly USD 7.79. Even in U.S. markets the place cannabis is totally authorized, the costs are nonetheless terribly excessive in comparison with South America. Washington D.C., the capital of the U.S., sells every gram for about USD 18.08, which is over 1200% larger than Quito, Ecuador. Furthermore, Canada has skilled its cannabis costs improve by 17% simply a number of months after legalization. Statistics Canada reported that some provinces witnessed the value bounce from USD 6.83 to USD 8.02 per gram, whereas authorized adult-use cannabis can value as a lot as USD 9.70 per gram. Costs inside the cannabis market are nonetheless comparatively excessive as a result of the {industry} stays inside a grey space. Nonetheless, as international locations inside the marketspace proceed to mature, customers can count on costs to drop dramatically. In accordance with information compiled by Mordor Intelligence, the worldwide cannabis market was valued USD 14.5 Billion in 2018. By 2024, the market is projected to succeed in USD 89.1 Billion whereas registering a CAGR of 37% through the forecast interval from 2019 to 2024. Blueberries Medical Corp. (OTC: BBRRF) (CSE: BBM), Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON), Aphria Inc. (NYSE: APHA) (TSX: APHA), PharmaCielo Ltd. (OTC: PHCEF) (TSX-V: PCLO), Khiron Life Sciences Corp. (OTC: KHRNF) (TSX-V: KHRN)

Hashish costs are dictated by a sequence of variables. Primarily, cultivation prices weigh essentially the most into the pricing of cannabis. As an example, indoor services value considerably greater than outside ones due to the managed know-how required to keep up them. In accordance with Wikileaf, an indoor facility can value as a lot as USD 75 per sq. ft., whereas an outside can value within the vary between USD 10 to USD 17 per sq. ft. Furthermore, the price of government-mandated taxes and charges additionally weigh into the pricing of cannabis. Washington state has applied at a 37% gross sales tax price and an extra 7% to 10% state and native gross sales tax. Then again, Colombia has applied a 16% tax price on medicinal cannabis, in keeping with PricewaterhouseCoopers. Colombia’s tax price matches the speed of main U.S. cannabis states similar to California and Colorado. Nevertheless, Colombia additionally has considerably cheaper cultivation prices in comparison with North America. And Foliumed, a Colombian-based cannabis producer, mentioned that as a result of Colombia’s favorable local weather situations and labor prices, it permits them to domesticate cannabis for a fraction of the fee in North America. As well as, some firms are acquiring licenses or buying firms which have already acquired licenses from the Colombian Ministry of Well being and Social Safety. The license permits firms to distribute inside Colombia, doubtlessly reaching an addressable market of 5 million customers. Furthermore, the license additionally permits scientific analysis, export, and cultivation, in keeping with Marijuana Enterprise Every day. “As extra international locations legalize cannabis for medicinal use, Colombia is positioned to turn out to be a dominant provider to those new international locations as they ramp up their very own home manufacturing capability,” mentioned Ryan Douglas, a Colombia-based cannabis progress marketing consultant.

Blueberries Medical Corp. (OTCQB: BBRRF) (CSE: BBM) can also be listed on the Canadian Securities Alternate beneath the ticker (CSE: BBM). Yesterday, Blueberries Medical Corp. and SLANG Worldwide Inc. (CSE: SLNG) introduced that, “the businesses have entered right into a memorandum of understanding (“MOU”) dated June 10, 2019 to develop a strategic partnership (“Strategic Partnership”) by way of which Blueberries could license SLANG’s in depth portfolio of famend cannabis manufacturers and leverage SLANG’s {industry} main know-how and mental property to course of and formulate cannabis merchandise in Colombia and Argentina. The MOU was negotiated at arm’s size.

Blueberries and SLANG may even collaborate on the commercialization of merchandise into different Latin American international locations as regulatory framework is applied. Latin America is among the many world’s fastest-growing cannabis markets with anticipated cannabis spending of $12-billion (U.S.) by 2028 (Prohibition Companions) and an estimated 68 million potential medical cannabis sufferers presently (Quintiles IMS).

‘SLANG is a world chief within the cannabis-based client packaged items {industry}, with an in depth portfolio of manufacturers, together with among the best-selling cannabis merchandise on this planet. Providing these top quality and internationally acknowledged manufacturers will help Blueberries in leveraging early-mover benefit and capturing market share within the huge Latin American market,’ acknowledged Patricio Stocker, Chief Government Officer of Blueberries. ‘SLANG’s {industry} main expertise, depth of experience and expansive community will create further worth for Blueberries as we proceed to supply top quality proprietary merchandise to customers throughout various markets in Latin America and globally, and place Blueberries as a pacesetter on this new market section because it continues to evolve.’

The strategic partnership will embody:

  • The unique license to Blueberries of choose SLANG propriety customary working procedures (“SOPs”) pertaining to medical cannabis and cannabis-derived merchandise in Colombia and Argentina
  • An unique proper of first refusal to promote and distribute choose SLANG merchandise in Colombia and Argentina
  • Collaboration on new and current merchandise
  • On-site consulting providers to facilitate the combination of the SOPs at Blueberries’ manufacturing services

‘SLANG is continuous to hunt alternatives to extend its international distribution footprint for our {industry} main portfolio of CPG manufacturers. This partnership represents the jumpstart of our enlargement within the quickly rising Latin American market,’ mentioned Peter Miller, CEO of SLANG.  ‘Blueberries’ distinctive {industry} experience and CPG expertise makes them the best companion for SLANG as we start to increase our merchandise past North America.’

About SLANG: SLANG is a number one international cannabis client packaged items firm with a strong portfolio of famend manufacturers distributed throughout 2,600 shops in 11 states within the US. SLANG is targeted on buying and growing market-proven regional manufacturers in addition to creating new manufacturers to fulfill the wants of cannabis customers worldwide. SLANG is listed on the Canadian Securities Alternate beneath the ticker image SLNG and on the Frankfurt Inventory Alternate beneath the buying and selling image 84S. For extra data, please go to www.slangww.com.

About Blueberries Medical Corp: Blueberries is a Latin American licensed producer of naturally grown premium high quality cannabis with its main operations ideally situated within the Bogotá Savannah of central Colombia and operations presently being established in Argentina. The Firm is led by a specialised staff with proprietary experience in agriculture, genetics, extraction, medication, pharmacology and advertising, Blueberries is totally licensed for the cultivation, manufacturing, home distribution, and worldwide export of CBD and THC-based medical cannabis in Colombia. Blueberries’ mixture of main scientific experience, agricultural benefits and distribution preparations has positioned the Firm to turn out to be a number one worldwide provider of naturally grown, processed, and standardized medicinal-grade cannabis oil extracts and associated merchandise. Extra details about the Firm is accessible at www.blueberriesmed.com.”

For our newest “Buzz on the Avenue” Present that includes Blueberries Medical Corp. current company information, please head over to: https://www.youtube.com/watch?v=eIkBATwSWcg

Moreover, Try The Newest “Behind the Buzz” Present: That includes Blueberries Medical Corp. COO, Camilo Villalbainterviewed on Wall Avenue: https://www.youtube.com/watch?v=cUGpLFOCtAc&t

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) is a globally diversified and vertically built-in cannabis firm with a presence throughout 5 continents. Cronos Group Inc. not too long ago introduced that it had entered right into a sponsored analysis settlement with the Technion Analysis and Improvement Basis of the Technion – Israel Institute of Expertise to discover the usage of cannabinoids and their function in regulating pores and skin well being and pores and skin issues. The preclinical research can be carried out by Technion over a three-year interval and can concentrate on three pores and skin situations: pimples, psoriasis and pores and skin restore. The endocannabinoid system and the cannabinoids that modulate its exercise are believed to have an essential function in regulating pores and skin well being and pores and skin issues. The analysis will make the most of Dr. Meiri’s cannabis pressure database of over 80 cultivars and Cronos Group’s pressure particular cannabis oils to isolate and examine the results of particular person and combos of cannabinoids, doubtlessly together with uncommon cannabinoids, for treating pimples, psoriasis and wounds utilizing stem cell-derived organoid cultures developed by Dr. Fuchs’ laboratory and mouse fashions. Cronos Group expects to have the ability to adapt the person and combos of cannabinoids to develop merchandise for every of those three functions and expects to obtain an unique, worldwide license to market and manufacture such merchandise. “We’re thrilled to start this joint analysis with Dr. Meiri and Dr. Fuchs, who’re among the many most revered researchers of their fields,” mentioned David Hsu, Chief Working Officer of Cronos Group. “Dr. Meiri’s in depth cannabis pressure database and capabilities in analytical testing present a powerful basis for researching Dr. Fuch’s world famend stem cell organoids. Dr. Meiri and Dr. Fuchs’ experience coupled with Cronos Group’s competencies within the cannabis {industry} make us optimistic concerning the future alternatives from this collaboration.”

Aphria Inc. (NYSE: APHA) (TSX: APHA) is a number one international cannabis firm pushed by an unrelenting dedication to our folks, product high quality and innovation. Aphria Inc. not too long ago introduced that it had closed the acquisition of LATAM Holdings Inc. from Scythian Biosciences.  The Transaction was funded by the idea of USD 1 Million of current LATAM Holdings debt with the remaining consideration funded by the issuance of 15,678,310 frequent shares of Aphria. The closing was pursuant to the phrases of the definitive share buy settlement beforehand introduced by the Firm on July 17th, 2018. Because of the Transaction, the Firm has solidified an essential foothold in Latin America and the Caribbean by buying industry-leading cannabis-related firms in Colombia, Argentina and Jamaica in addition to a proper of first provide and refusal in respect of a majority curiosity in a Brazilian entity in search of a cannabis cultivation and gross sales license. “Aphria continues to execute on its plans for strategic worldwide enlargement, together with in Latin America and the Caribbean,” mentioned Vic Neufeld, Chief Government Officer of Aphria. “With a mixed inhabitants of almost 640 million, and with vital momentum from quite a few international locations introducing new or modernizing current medical cannabis laws, the area represents a big alternative for long-term progress. It additionally hosts among the most beneficial situations for cultivating high-quality medical cannabis at substantial efficiencies – splendid for each regional provide and export alternatives. This acquisition firmly cements Aphria’s management within the area and on the worldwide cannabis stage.”

PharmaCielo Ltd. (OTC: PHCEF) (TSX-V: PCLO) is a world firm, headquartered in Canada, with a concentrate on moral and sustainable processing and supplying of all pure, medicinal-grade cannabis oil extracts and associated merchandise to giant channel distributors. PharmaCielo Ltd. not too long ago introduced that its Colombian subsidiary had acquired from the nationwide cultivar registry approval for the itemizing of an additional 10 strains, every of which has a outstanding tetrahydrocannabinol (THC) profile. The extra registration of the brand new strains to the nationwide cultivar registry, together with a singular 1:1 THC to CBD ratio pressure, doubles the variety of accredited strains PharmaCielo holds within the registry, making it the most important holder of accredited strains in Colombia. It additionally paves the best way for the business registration, manufacturing and sale of the 20 distinctive strains. “The approval and registration of a second set of strains with the nationwide cultivar registry is one other essential step in the direction of PharmaCielo’s purpose of changing into a number one international provider of premium medicinal-grade cannabis oils,” mentioned Federico Cock-Correa, President and Chief Government Officer of PharmaCielo Colombia Holdings S.A.S. “The vary of the strains now out there at our disposal for business manufacturing is a vital benefit that units the corporate aside in each the Colombian and international marketplaces.”

Khiron Life Sciences Corp. (OTCQB: KHRNF) (TSX-V: KHRN) is positioned to be the dominant built-in cannabis firm in Latin America. Dixie Manufacturers Inc., one of many cannabis {industry}’s main client packaged items firms, and Khiron Life Sciences Corp. have not too long ago signed a definitive settlement regarding the three way partnership the businesses introduced on January 30, 2019. With the execution of the Settlement, a brand new firm referred to as Dixie Khiron JV Corp. has been established, 50% owned by every of Dixie and Khiron. Dixie-Khiron will reap the benefits of the complementary strengths of each firms to fabricate and distribute cannabis-infused merchandise to the Latin American market. By combining Dixie’s portfolio of greater than 100 cannabis-infused merchandise with Khiron’s established footprint all through Latin America, the businesses purpose to seize first-mover benefit and set up management within the area of 620 million folks. Alvaro Torres, Co-founder and Chief Government Officer of Khiron Life Sciences, acknowledged, “Our timing for launching this three way partnership is good. Latin America is poised to turn out to be one of many world’s largest cannabis markets, as a result of persevering with legalization throughout the area and the rising affluence of the inhabitants, notably in city areas. Regardless of these enticing dynamics, there are comparatively few vital opponents, as many firms have focused different international areas. We consider we now have a possibility to determine ourselves as a dominant participant on this market.”

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