Shunhao Shares Response to Legalization of Cannabis in Europe

Business by 2FIRSTS.ai

Apr.11.2024

Shunhao Shares Response to Legalization of Cannabis in Europe

Investors show interest in Shunhao Group as Germany legalizes marijuana, leading to speculation on impact of global cannabis policies.

Recently, investors on an interactive platform have inquired about Shunhao Shares (SZ: 002565). It has been reported that Germany has fully legalized marijuana starting from April 1 this year, joining the ranks of European and American countries with legalized marijuana. In response to this move, the market is concerned about whether the company's marijuana business will be positively impacted.

Shunhao Group (stock code: 002565) stated that the company's industrial hemp products have not yet been sold to the European market, and the opening of cannabis in some European countries will have limited short-term impact on the company's industrial hemp business. With the further opening of global industrial hemp policies, the company will actively expand overseas markets and application scenarios in the future, accelerating the company's industrial hemp industry layout.

References:

[1] 随着欧美国家的大麻开放，对公司大麻业务是否有积极影响？

Also Read:

[1] Germany Legalizes Marijuana Possession and Consumption for Adults from April 1

[2] Global Trends in Recreational Marijuana Legalization

#Europe #Market #CBD #Germany

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