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Marijuana Is Going Global at a Rapid Pace: Cannabis Weekly

  • Curaleaf, British American Tobacco are investing abroad
  • Mexico legalization push seen appealing to multinational firms
MEXICO-DRUGS-CANNABIS CUP-MARIJUANA

Photographer: Ulises Ruiz/AFP/Getty Images

Seemingly overnight, the cannabis industry has gone global.

That can be seen in the deal just announced by Curaleaf Holdings Inc., the largest U.S. cannabis company, that aims to turn Europe into a launchpad for international growth. Or take a look at British American Tobacco Plc’s new stake in a Canadian marijuana company, Organigram Holdings Inc. And then there’s the bill passed last week in Mexico that could make recreational marijuana legal, paving the way for heavy international investment.