DEA
Easterly Government Properties, Inc.
stock NYSE

MSOs have no idea how arduous the EU-GMP certification process really is. None of their facilities are built-out to any GACP/EU-GMP specs at the moment. That alone is a $2M-$5M opex investment. They'd still need to get an EU company to sponsor them, they'd send over their own QP, after they've been vetted then they would go to an EU regulator i.e. Germany via one of the various states. Each state is different and have their own, Cologne is very difficult but considered the gold standard. Even then if they were to get to that point, they are so backed up with other companies in Canada and abroad they're backed up 12-18 months before they could make their first visit and assessment. If it get's passed that and there's no major fixes, they'd send someone back again for the final inspection. If it get's past that it'll be another 90 days from there. U.S. regs are still a moving piece at the moment, you have to register with the DEA, get audited by them, approved etc., then move along the process. DEA has mutual recognition with a lot of EU countries, but medical cannabis in Europe only care that you're EU-GMP certified, they're beginning to crack down hard of GMP washing from Portugal. U.S. is 5 years away minimum before any type of exporting in my opinion.

MSOs have no idea how arduous the EU-GMP certification process really is. None of their facilities are built-out to any GACP/EU-GMP specs at the moment. That alone is a $2M-$5M opex investment. They'd still need to get an EU company to sponsor them, they'd send over their own QP, after they've been vetted then they would go to an EU regulator i.e. Germany via one of the various states. Each state is different and have their own, Cologne is very difficult but considered the gold standard. Even then if they were to get to that point, they are so backed up with other companies in Canada and abroad they're backed up 12-18 months before they could make their first visit and assessment. If it get's passed that and there's no major fixes, they'd send someone back again for the final inspection. If it get's past that it'll be another 90 days from there. U.S. regs are still a moving piece at the moment, you have to register with the DEA, get audited by them, approved etc., then move along the process. DEA has mutual recognition with a lot of EU countries, but medical cannabis in Europe only care that you're EU-GMP certified, they're beginning to crack down hard of GMP washing from Portugal. U.S. is 5 years away minimum before any type of exporting in my opinion.

Any DEA agents in here?