American Cannabis Oil to be Distributed by Major Brazilian Retail Pharmacies

Many believe Brazil is poised for significant market growth and traction as its government is increasingly approving the use of CBD and cannabis products by its citizens.

By Xiu Ying, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Fast-growing Baltimore-based biotech firm Greater Cannabis Company announced that it has entered into a letter of agreement (LOI) with Brazilian retailer CBR Participações SA to market the American technology for cannabis in Brazil.

As part of the agreement, CBR will distribute the products to its network of 300 pharmacies and more than 1,500 point-of-sale retailers in the country, serving Brazil's increasing market demand for cannabis products.

The agreement should take effect by 2021. "We continue to see explosive interest and growth for our technology . . .

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