The Canadian company has partnerships in
Instadose operations in
In November, the company said it secured an import permit from the relevant agency in
The cannabis is sourced from
"This will be the first full load when completed," Curry told bne IntelliNews, adding that Instadose has extensive contracts with various joint venture partners around the globe.
According to him, the product is designated for the medicinal cannabis market and there are various customers, which have different requirements depending on how the constituent ingredients are to be used.
Supplying the EU market
“The country has favourable conditions to do business and has an excellent geographic location to the EU,” Curry said.
Its Macedonian unit Instadouz Farma is a fully licensed processor of cannabinoid oil for export and sale located in the southeastern town of Strumica.
“North Macedonia is a progressive country looking to develop its economy and Instadose has been honoured to be working with the government of
Asked why the company imports medical cannabis when
“Many areas in
He revealed that
In
In previous years, North Macedonia’s market already showed serious growth potential which attracted local and foreign investors.
The country has implemented a free market approach to cannabis cultivation, distribution and sale, using Canada’s approach, according to Bearstone Global’s market analysis for
North Macedonia’s drug company
The industry grew rapidly in 2017 with an additional five companies entering the medical cannabis sector. In 2018, several other companies such as Farma Medica Cannabis, F&M, Green Life, Cannabis Pro, ACPV, and
In
The majority of the product is cultivated using the so-called ‘indoor technology’, and some is grown in greenhouses.
According to the
Curry said that cannabis will continue to develop as a commodity and market forces will determine the price. Current cost price for indoor grown cannabis is relatively high compared with outdoor grown cannabis.
Instadose in
About the African market, Curry said that many countries, particularly in central and southern
“Instadose works with its growing partners and the local, regional and national governments in
The market in
According to Curry, there is a long colonial legacy and stigma in many places that needs to be overcome, however, he underlined that the cannabis is green renewable resource and a high value crop that has the potential to have many benefits related to socio-economic development, food and water security.
“Speaking of the economic impact, this plant is a high value crop relative to other crops, or 50 to 70 times more valuable than a crop like corn or potatoes. So when looking at impacts if we are talking about a crop that sells for dollars at the farm gate per kilo rather than pennies per kilo in places where the majority of farmers are women this is going to have a direct impact on what that person, family or community can do,” Curry said.
"Countries want to have conversations about legalising cannabis or developing growing programmes because of the power that this crop has to assist in socio-economic development. This is a long road and we need to help start that conversation and work with our partners, which inevitably is going to be the foundation of all companies who work in this area," he stated.
In a country like
Green renewable resource
Curry agued that cannabis and hemp plants, unlike mining, are a green renewable resource that contributes to carbon sequestering though the way the plant captures carbon, and the beneficial changes it can have on the biome of the soil as the complex soil and fungi are fundamental to the carbon cycle.
“Improved soil health is something people are becoming more and more aware of and something that modern agricultural practices like tilling and fertilising run counter to. Cannabis is an excellent durable plant that helps improve soil quality by increasing the complexity and biodiversity of the soil with relatively little inputs,” he said.
He said that in developing countries, where there could be multiple crops in a year, cannabis could be a big contributor on turning the tide against climate change though simply growing the plant and increasing the fertility of the soil. This is a relatively new area, however, but one that is receiving a great deal of attention.
"I am sure that there will be an ever increasing and overwhelming body of evidence supporting cannabis and hemp and its benefits to the environment," Curry said.
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