Exclusive: One Of The Largest Pharma Companies In The World Just Got Into Cannabis

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According to information procured exclusively a subsidiary of NYSE-traded giant Teva Pharmaceuticals has signed a deal with medical cannabis company Canndoc to distribute its GMP products to pharma customers.

As per the agreement, Teva subsidiary Salomon, Levin, Elstein will not only distribute Canndoc’s products in Israel, but also seek to “provide logistics capability for exporting Canndoc’s products to countries that support regulations for the sale and distribution of cannabis products for medical use,” as soon as local regulations allow for it, Canndoc, a subsidiary of publicly traded company InterCure, explained.

The initial agreement will span for three years, but a term to automatically extend it for two-year periods at a time is included in the deal.While this is not the first deal between a big pharma company and a cannabis-related business, it is among the couple notable ones to date – pharma is being careful with its approach to marijuana, hemp, CBD and related industries.The other big deal announced to date: a development and distribution deal between Novartis and Tilray.

Johnson & Johnson has also been getting its feet wet in the proverbial canna-pond. Back in 2017, the company’s incubator, JLABS @ Toronto,Beyond specific deals, a few big pharma companies have

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Well this is absolutely terrible news. Pot should stay small & local. Keep corporate fingers out of the honeypot

The oligarchy can benefit? Well, time to make it legal and shut out the small entrepreneurs while giving unfair tax breaks to the evil giant corporations then...

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Exclusive: One Of The Largest Pharma Companies In The World Just Got Into CannabisAccording to information procured exclusively a subsidiary of NYSE-traded giant Teva Pharmaceuticals has signed a deal with medical cannabis company Canndoc to distribute its GMP products to pharma customers. God help us
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