AGRICULTURE NEWS - A new report on cannabis production and trade is forecasting an increase in medical cannabis production this year, but warns that the existing small markets could leave growers with unsold stocks.
The report titled, ‘Cannabis Industry Focal Points, 2020: 10 Market Trends for the New Year’, by New Frontier Data based in Washington DC in the US, said supply chain inefficiency could disrupt emerging markets globally as export supplies outpace import demand.
“Developing countries from Colombia to Zimbabwe are investing heavily [in] capacity, particularly to serve European and Asian markets,” the report said.
“However, the small medical markets in most of the target countries will not be able to absorb the surging supply, which will leave many growers with stocks they cannot sell.
Read the full article here on the Caxton publication, Farmer's Weekly
