TRADE MARKETS BY THE NUMBERS WITH GLOBAL GO ANALYTICS operations. In this article, we will dis-cuss the challenges and opportunities presented by international logistics for cannabis companies, and the solu-tions available to meet their needs. THE CHALLENGES Cannabis companies face several logistical challenges when it comes to importing and exporting their prod-ucts. The following are some of the most significant hurdles that compa-nies in this industry encounter: Regulations . Regulations and compliance requirements vary widely from country to country, making it difficult for cannabis companies to navigate a complex regulatory landscape. Companies must ensure that their products comply with the regulations of the importing and exporting countries, which can be time-consuming and costly. MARKET INTELLIGENCE Transportation. The transporta-tion of pharmaceuticals and can-nabis products requires specialized handling and storage to ensure the integrity and quality of the products. These products must be transported in temperature-controlled environ-ments to maintain their efficacy and potency. Additionally, cannabis prod-ucts are often subject to strict security measures, which can complicate transportation logistics. Customs. Customs clearance procedures can be complicated and time-consuming, with different procedures in place in each coun-try. Companies must navigate the customs clearance process carefully to ensure that their products are not delayed or rejected. Cultural Differences. Differences in both cannabis and business culture Moving tons of biomass around the world is a major logistics challenge for international cannabis companies. BY TOM ADAMS & YORAM ESHEL PHARMACEUTICAL Companies and medical cannabis businesses are both facing increased demand for their products in a global market that amounts to US$28.4 billion in con-sumer spending, according to Bright-field Group. Supplying the $1.2-billion international component of that market requires the annual shipping of 148 metric tons of biomass and 810 kilos of processed oil from grower/ manufacturers to product makers, according to an analysis by Global Go Analytics of consumer spending by product type (flower, ingestibles, concentrates and pharmaceuticals). As a result, international logistics for importing and exporting pharma-ceutical and cannabis products has become a crucial part of company BEWARE THE SHIPPING BLUES 18 SUMMER 2023 globalcannabistimes.com