Flora Growth (NASDAQ: FLGC), a consumer-packaged goods leader and pharmaceutical distributor, has released a statement regarding the German government’s recent approval of new legislation designed to liberalizing the cultivation of industrial hemp. According to the announcement, the updated regulations, which were passed with wide support, were introduced by Cem Özdemir, Germany’s minister of Food and Agriculture. The legislation removes a restrictive “abuse clause” and oulines a more streamlined path for industrial hemp producers. The company is currently working with local partners as it works toward a smooth and compliant entry into the German cannabinoid market.
“We believe that Germany’s progressive move to liberalize industrial hemp cultivation marks a pivotal moment for the European hemp industry,” said Flora Growth CEO and chair Clifford Starke in the press release. “As a company with deep experience in cannabinoid extraction and product development, we are excited to bring our expertise to Germany, helping to drive innovation and growth in this newly accessible market. . . . The removal of the ‘abuse clause’ and the simplified regulatory environment will unlock opportunities for producers and innovators alike.”
To view the full press release, visit https://cnw.fm/IQbEY
About Flora Growth Corp.
Flora Growth is on a mission to become the leading NASDAQ small-cap international cannabis company. It is a cannabis-focused, consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000-plus points of distribution around the world. For more information about the company, please visit www.FloraGrowth.com.
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC
About HempWire
HempWire (“HW”) is a specialized communications platform with a focus on hemp-related news, information, and the latest developments in the hemp sector. HempWire is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, HW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, HW brings its clients unparalleled recognition and brand awareness. HW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from HempWire, text “HempWire” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.HempWire.com
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer
HempWire
Denver, Colorado
www.HempWire.com
303.498.7722 Office
Editor@HempWire.com
HempWire is powered by IBN
