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A weed to the wise: The Canadian marijuana business is going global

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Marijuana is no longer a forbidden – even shameful and criminal – fruit of the vine. It’s fair to say that Canadian society is seeing weed in a whole new light, and we’re taking the business global.

With the Canadian Federal Government’s game changing legalization of marijuana, led by Justin Trudeau, our national economy has seen a huge economic boost and marijuana production like never before. Of course, legalization has been accompanied by its fair share of bureaucratic red tape, but the consumers and producers are unfazed and determined to reap the rewards of Canada’s new weed friendly landscape. This article looks to the future and how enterprising Canadians in the Marijuana business can expand beyond our northern frontier and make Canada a front runner in one of the most hugely lucrative economic opportunities seen in decades.

Ironically, the global marijuana expansion story starts where the War on Drugs originates – Colombia. Pharmacielo acts as a key example: this world-renowned cannabis manufacturer houses a huge outdoor production facility where they grow cannabis crops at 5 cents per gram, versus $2 per gram in Canada! Product development for cannabis is no different than when Hasbro creates a toy production facility in China: production costs are simply lower. This being said, regulations and restrictions are being upheld within all facilities to ensure fair wage pay and proper working conditions. Just a few examples of Canadian cannabis manufacturers in Colombia include Khiron Life Sciences Corp, MedCann and FCM global. A significant number of these companies have licensed shipping rights to 15+ countries, including over 5 countries in Europe.

In Germany, cannabis consumption per capita is almost 4 times the US amount. Cannabis cultivators seem inspired by Steve Jobs’ game changing lead: their innovation is driving change in laws and the accompanying regulations. When laws support a high demand business, it inevitably creates a recipe for profit. In this case, tremendous profit!

Within a decade, it is likely that most European countries will legalize cannabis as a recreational drug. Case in point, this August Luxembourg announced plans to legalize cannabis and have called on its EU neighbours to follow suit. “Forbidding everything makes it more interesting to young people…I’m hoping more of us will gain an open-minded attitude towards marijuana”, says Etiénne Schneider, a longstanding politician within Luxembourg’s federal government.

Of course, Europe and the rest of the globe’s introduction to cannabis may be more gradual and measured than the seemingly heady “gold rush” approach empowered by Canada’s recent legalization. We may even see more paced economic growth in other regions as compared to Canada’s: “There’s some appetite for medical marijuana being subsidized by insurance companies, but that’s something that would happen over the long-term. Europe is more incremental in nature and they are not in a hurry to legalize” says BNN Bloomberg’s in- depth Cannabis reporter, Scott Gomez.

Sure, Gomez and other cautious experts may be correct in this long-term view. But a word to the wise, and certainly this writer’s opinion: get in on the ground floor!

Lumber: The Most Profitable Future Business Worldwide?

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We as a human race seem to forget that climate change not only affects the ecosystem that we live in, but also how inextricably linked it is to nearly everything we do, including business. The QCIB 2020 Team would like to kick off its first Gold Standard article of the year with a plea; help enable society to respond to our previous mistakes in regard to climate change. Our planet has 12 years until we will not be able to recover from the current global warming crisis unless we significantly alter our methods of consumption. However, if we continue on this path it won’t be the environment to take the first deathly blow, instead businesses worldwide.

 

The question for many businesses is, “What can we as a company do to help the environment while increasing profitability?” The answer is not expected, but easily explainable; Wood. In this article, you will gain an understanding to why the logging industry will transcend itself within the business world as a powerhouse internationally, and how your investment in the logging industry not only helps the environment but can create a sustainable job opportunity.

 

Extreme weather in Southeastern Asia has already begun to disrupt current operations of businesses causing them extreme financial and physical damage. Manufacturers that rely on successful factory operations in this part of the world including Nestle, Coca-Cola, and Procter & Gamble face growing scrutiny from demanding investors who want to know what business risks they face from climate change before deciding to buy their stock. So how can we as a world economy create a business venture that not only increases profits but aids the environment. The answer is wood and the logging industry.

 

To understand completely how wood is the business venture of the future we first need to analyze the affects that current construction has on the environment. Concrete incurs high production costs and is not environmentally sustainable. Materials like steel and concrete require massive amounts of energy to produce and are currently transported over large distances. This emits CO2 that contributes to climate change. On the contrary, when we build with wood, we can conserve this stored CO2 for a longer period of time and emit it into the atmosphere. A job opportunity in the logging industry is a sector of international business that we at QCIB forecast as something that will transcend into the construction sector further over the next 12 years, while it is also something that you can feel good about doing! “Everybody sees it coming.” says Timothy Punke, senior vice president of corporate affairs and public policy at Plum Creek Timber Company, who owns vast forestlands in Washington State. “It’s a huge opportunity to build environmentally friendly cities while helping rural economies that depend on timber and creating incentives for more people to plant more acres as trees.” Businesses in countries including Australia and Norway have intelligently commenced their long-term investment within the logging industry by building 10-story wood skyscrapers throughout the city. The Pacific Northwest, particularly in Seattle is beginning to lead the charge in the Western Hemisphere. As a businessman, there are many job opportunities from logging production to construction management that pose as a long-term sustainable form of employment that will only increase your wealth within the next 12 years. The opening in the logging industry is there for the taking.

 

The solution for profitability within this business sector is as old as investing philosophy itself. Get in on the ground floor.

QCIB 2019: The Power Of Choice

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Choice is one of the main results of globalization. With more options come more variety, allowing us to choose the right options for our businesses, careers, and ourselves. QCIB 2019 will delve into the concept of the power of choice. To get you thinking for the conference, here are 3 of the ways that international business brings choice to us.

Choice for consumption

An improving international network means that more products are available to us than ever before – whether that be by business expansion or simply shipping. The US Congress found that from 1972 to 2001, the product variety that was imported into the US multiplied by over 3.5 times – and surely much more now – thanks to freer trade agreements and the globalization of businesses.

The growing number of multinational corporations like Walmart, H&M, and Coca Cola enable a massive assortment of products in all of their locations. Social media makes us aware of products from across the world, and we can easily ship them. And the mobilization of cultures across the world means that cities have become hubs of multiple cultural groups – and with them, their domestic products, which include food, fashion, and more. Thanks to all of this, we’re able to access cars, cell phones, and tons of other goods and services that could better suit our needs. Not to mention, more products means more competition – which makes for lower prices and better products (even better choice).

‘Building a global brand is anything but simple – but with it being easier than ever before to enter international markets, it’s something that an increasing number of companies can achieve.’ – K International

Choice for career

Gone are the days when moving to London to work was radical. Today’s careers can span a number of countries and industries, due to the increased connectivity and globalization of companies.

Some jobs involve management across boundaries. MNCs, hotel chains and airlines operate in multiple locales, and require management of each of these entities – whether it be a manufacturing plant, an office, or a research hub. Jobs like management consulting and sales involve traveling to meet a B2B customer and perform a job or a pitch.

On the other hand, this expansion across boundaries creates opportunities for an international transfer to a partner or a different office. Some companies even offer formalized placements abroad. For example, EY provides a short international placement to summer students, while Adidas offers a rotational program component where you can pick your office location.

Choice for business strategy

As a manager or executive, the international business ecosystem opens up tons of doors for your business strategy. The first question is, where do you do your business? Trade agreements and connections allow your company to reach your ideal customers in foreign markets much more easily than before. This gives you a much larger market to sell to; and allows you to find even more customers that want your product.

Then, there’s the question of how you do business. Some businesses choose to outsource their labour from elsewhere because the resource provided in a foreign country works better than the resource domestically. Plus, more services are available to you, and more knowledge is being disseminated across borders. The possibilities are endless for the way you want to run your business. For example, startup Acerta Analytics in Kitchener, Canada, was able to find an automotive incubator in Germany which supplies the specialized automotive resources and expertise it needs to succeed.

Want to learn more about the Power of Choice? Delegate apps for QCIB 2019 are due Thursday, November 15 at 11:59pm. Check out the event on our Facebook page.


Source: https://www.k-international.com/blog/5-examples-of-powerful-global-branding-in-action/