Higher margins via cheap Israeli cannabisIt looks like Israel will have its exports sorted out before Canada gets off its a-- and does the same. We were supposed to allow imports and exports of cannabis from the time Canada legalised, but here we are two years later and to my knowledge not one import or export has been allowed by Canada!
Maybe if Israel fully opens up its legal cannabis export market, Canada will be compelled to sort its own cannabis import laws out. Canadian bureaucracy moves incredibly slowly, cannabis legislation doubly so.
This will be a massive deal once N can import and export cannabis en masse. Israel currently has the least expensive mass produced cannabis in the world, and we own 10% of a massive Israeli cannabis company. It will help CannMart margins a lot if we can get flower for $1.20 USD or so. Especially for concentrates/vape carts/etc. With lower flower cost, we can significantly lower vape cart prices and become the most popular vape oil brand in Canada. We just need to be ready for imports the moment it happens, which we seem to be with Cannbit and CannMart Labs and Adastra connections.
Currently Phyto/Ignite vape carts from CannMart are already hugely popular in Canada, imagine if we could lower the price and still make more profit than we're doing now. Count me in. The future is bright for N.