TLRY - International Cannabis Executives To Watch In 2024 | Benzinga
The global regulatory landscape has evolved significantly in the last year. According to Fortune Business Insights, "The global cannabis market size was valued at USD 43.72 billion in 2022 and is projected to grow from USD 57.18 billion in 2023 to USD 444.34 billion by 2030, exhibiting a CAGR of 34.03% during the forecast period.” Such highly forecasted growth would make most expansion decisions a no-brainer for moving beyond the tightly regulated U.S. market. Below is a list of key players in the global cannabis sector, in no particular order.
Europe is seemingly front and center with significant potential for opportunities in operations and investment. Germany continues to delay its most recent policies, but the outlook is positive, and investors have taken note. Switzerland has become the most favorable destination for operations as the laws allow most products, and an adult-use program already exists. Not to be counted out, Latin America is producing some of the finest biomass and products serving the globe. But with hemp on the rise again for many operators that feel boxed in by legal THC restrictions, China seems like the biggest prize for those who can manage it.
Africa continues to produce biomass for many operations globally. The positive economic impact for many on the continent has been noticeable. The globe is ready for this plant to finally be free of its Draconian laws prohibiting the commodity from reaching its full potential, and this list includes some of the most influential movers and shakers to support the global rollout.
Suppose a company is looking abroad for expanded opportunities in manufacturing, worldwide distribution, freedom in import/export, and relaxed and full-service banking abilities. In that case, contacting one of the international operators on this list could be helpful. For this year’s list, Benzinga compiled people who will have some of the most considerable impact on the global cannabis industry in 2024.
The International Cannabis Executives to Watch
Dean Gainsley (UK) Commercial Director GROW
With over twenty years as a portfolio manager in the financial markets and ten years working in the financial division of one of the world's largest agricultural firms, Gainsley is an experienced angel investor in emerging industries and an advisor to early-stage companies.
GROW (GROW Group PLC) is the UK's largest distributor of medical cannabis, with a growing presence in Germany and Australia. In 2019, GROW was the first company to bulk import medical cannabis into the UK.
GROW's UK business accounts for approximately 35% of the country's medical cannabis sales by volume and value (both wholesale and retail pharmacy). The UK market is currently mostly flower, but GROW also supplies oils, capsules, and vape cartridges.
Irwin D. Simon (US) Chairman and Chief Executive Officer of TILRAY, Inc. (NASDAQ: TLRY)
Irwin D. Simon is an executive with over 30 years of experience building industry-leading consumer packaged goods (CPG) companies ranging from organic and natural foods and dietary supplements to personal care and cannabis.
Tilray Brands, Inc. (Nasdaq: TLRY and TSX: TLRY) is a global cannabis-lifestyle and CPG company operating in Canada, the United States, Europe, Australia, and Latin America. A pioneer in cannabis research, cultivation, and distribution, Tilray’s production platform supports over 20 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and alcoholic beverages.
While Chief Executive Officers (CEOs) who pay themselves more than $ 250k annually are seemingly not aligned with ...