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Cannovum Cannabis AG: Federal Council confirms cannabis legalization as of April 1, 2024, positive growth opportunities in Europe's largest consumer market - Seite 2

 

Cannovum Cannabis AG plans to generate significant sales through offers for existing and emerging cannabis clubs. Here, the company is positioning itself at the forefront of the market through a unique partnership with large horticultural and agricultural companies in Germany. This partnership, realized by the subsidiary Anbau-Allianz für Deutschland GmbH, enables the clubs to cultivate cannabis on more than 16.5 hectares of greenhouse space, 100 hectares of open land and 2,000 hectares of agricultural land throughout Germany.

 

This innovative service allows cannabis clubs to grow high-quality cannabis safely and in compliance with legal requirements without a large initial investment. With a potential annual turnover of 2.1 million euros per club and an expected increase in the number of clubs in the coming years, Cannovum Cannabis AG sees enormous market and growth potential. The cultivation alliance also has strong partnerships with leading organizations and companies, which strengthens the company's position as a market leader and offers investors an exceptional opportunity to participate in the growth of the German cannabis market and create sustainable value.

 

Partners of Anbau-Allianz für Deutschland GmbH include Osnabrück University of Applied Sciences, the horticultural companies Hortensien Spieker, UN Moorman, Baum Düsseldorf UG, Janßen Group, Blumen Rieke and Cox Gartenbau, as well as the innovative growth optimizer Spex AI, Gartenbauversicherung Deutschland VVaG, the international analytics company Wessling, the market leader for biological plant protection Koppert and the supplier of ecological plant pots Pottburri.

 

 

 

The adopted law also provides for comprehensive amendments to the Narcotics Act (BtMG), criminal law, pharmaceutical law and road traffic law. Due to the deletion of cannabis and THC from the BtMG, a restructuring of medical cannabis law is necessary. Experts expect a significant increase in demand due to the easier prescription practice by doctors.With its investment in Cannovum Health eG, Cannovum Cannabis AG is also benefiting from the imminent growth in the medical cannabis sector. Statista estimates the market potential in this area at more than 360 million euros for the year 2024.