Australian cannabis producer expands into Sri LankaPosted by On


Australian cannabis producer Creso Pharma has expanded into the Sri Lankan market by signing a binding letter of intent with distributor Ceyoka Health.

The first step will be obtaining the necessary regulatory approval for its flagship product, cannAFFORD 50, to be sold as a therapeutic medicine. Then it will work on rolling out hemp-based products across the country via the network of pharmacies that Ceyoka Health serves.

Sri Lanka has a population of 22 million and a GDP of $87 billion, so it represents a potentially lucrative market for global marijuana firms. Cannabis plays an important role in the culture of the island, where it is used to treat a range of conditions and to heighten sexual energy.

There are an estimated 600,000 cannabis users in the country and medicinal…



Original Author Link click here to read complete story..

News

AustraliancannabisexpandsLankaproducerSri

Leave a Reply