Nasdaq-Listed Cannabis Company Eyes Germany’s New Hemp Legislation With Intense Interest
Publicly traded Flora Growth Corp. (NASDAQ:FLGC) is closely monitoring Germany’s newly approved legislation on industrial hemp, viewing it as a potential game-changer for the European market.
Germany has recently updated its regulatory framework. The changes introduced by Minister of Food and Agriculture Cem Özdemir have liberalized industrial hemp cultivation, removing previous barriers such as the “abuse clause” that limited the industry’s growth. The clause stipulated that industrial hemp was only to be allowed if misuse for intoxication purposes was ruled out.
Flora Growth, which is based in Florida, is an established player in the hemp space with brands like JustCBD and Vessel. The company is eager to take advantage …