Malta-based medical cannabis firm taps fast-growing German market

According to a study by Prohibition Partners, Germany imported 3,264 kilograms of medical cannabis flower in the fourth quarter of 2020 alone, for a total of 9,249 kilograms for the entire year.

The German market demand was initially satisfied by a combination of domestic producers and producers in the Netherlands Portugal and Canada.

As part of the agreement, Panaxia will initially export two types of medical cannabis oil in different concentrations from its premium line, which are produced according to EU-GMP requirements and according to strict pharmaceutical standards.

…Read the full story