Materia Malta has shipped medical cannabis products to Germany, the first such batch shipped outside of the country, Worldakkam reports. Materia is a leading medical cannabis distributor in Europe; Materia GmbH, a subsidiary of the company, facilitated the shipment and is already selling the cannabis to German pharmacies, according to the report.
“We are proud to be a company that establishes a new frontier for the Maltese and European cannabis industry,” said Nick Paterasu, managing director of Materia in Europe.
Malta passed medical cannabis legalization in 2018 and many Maltese companies have entered the space since.
With more licenses expected in the coming months, more companies will begin exporting medical cannabis from Malta. Licenses to sell outside of Europe are only granted to companies following a rigorous process, Worldakkam reports.
Additionally, Malta Enterprises — the country’s economic development agency which provides financial packages to help medical cannabis companies build their business, purchase equipment, transfer machinery, human resources, research and development, and more — is set to launch the research and development of cannabinoid-based therapeutics and industrial processes for cannabis extraction and cultivation under the highly regulated system.
“We have been working tirelessly to achieve this result,” said Malta Enterprise CEO Kurt Farrugia. “At that moment, we will be pushed to other frontiers in the medical cannabis field.”
Malta legalized adult-use cannabis last year, becoming the first European Union country to do so. The law allows citizens aged 18 or older to possess up to seven grams of cannabis, grow four plants at home, and keep up to 50 grams at home from their harvest.
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