Shipping to the Czech Republic
On November 27, Aurora Cannabis (ACB) (ACBFF) announced that it completed its first shipment to the Czech Republic after it was able to secure an export permit to ship medical cannabis to the country. The company stated that it now has an established a presence in 21 countries. The below chart shows Aurora Cannabis’s market reach around the world.
The details of the shipment
The medical cannabis was shipped to Czech Medical Herbs, which is a wholesaler of pharmaceutical products in the country. Specifically, Czech Medical Herbs distributes cannabis-related medical products that are derived from cannabinoids. Aurora Cannabis added that patients in the Czech Republic are allowed about 180 grams of total dry cannabis product each month for medicinal use.
Other companies (HMMJ) like Canopy Growth (WEED), Tilray (TLRY), and Aphria (APHQF) have also moved to capture international medical markets where medical cannabis is legal. With more and more countries warming up to medical cannabis, the legalization of recreational cannabis doesn’t seem too far off. So far, Canada and Uruguay are the only two countries to have legalized recreational cannabis to date.
For ongoing updates, visit Market Realist’s Healthcare sector page.