Approval Boosts New Spanish Facility’s Ability to Manufacture Medical Cannabis and Products, as Sub-commission of the Spanish Congress gives green light for the implementation of a domestic medical cannabis program
LONDON — Curaleaf International (the “Company” or “Group”), Europe’s largest vertically integrated cannabis company, is pleased to announce that Medalchemy, the Group’s Good Manufacturing Practice (“GMP”) certified manufacturing site in Alicante, Spain has received approval from the Spanish Health Authorities (“AEMPS”) to begin operating out of its newly built extract manufacturing site and microbiological testing laboratory. This approval significantly increases Curaleaf International’s ability to manufacture medical cannabis, active pharmaceutical ingredients, and medical products for the rapidly growing European Medical Cannabis market. The latest forecasts, published on 31 March 2022 in the 7th Edition of European Cannabis Report by Prohibition Partners, suggests that €357 million worth of medical cannabis medicines will be sold in Europe in 2022, increasing to €2.3 billion by 20261. The announcement marks another important milestone for Curaleaf International, following the recent registrations of some of its products in Malta and Italy.
This announcement coincides with the news that the Sub-commission of the Spanish Congress in charge of cannabis has given the green light for the implementation of a domestic medical cannabis programme, recommending doctors and patients be given access to cannabis-based extracts, oils and magistral preparations. This represents an important step for Spain where the cultivation, production and manufacturing of cannabis and cannabis products is currently allowed, but for exportation purposes only.
Antonio Costanzo, CEO of Curaleaf International, said: “This increased manufacturing capacity approved by the Spanish authorities allows the Group to increase supply to satisfy European patients’ demand; the news that Spain has now given the green light for the implementation of a domestic medical cannabis program is further evidence that the medical cannabis market in Europe is continuing to grow. Spain is one of the largest countries and markets in Europe and we expect the prescribing of medical cannabis to be widely adopted by doctors and welcomed by patients. With our enhanced local manufacturing capabilities, Curaleaf International is ideally placed to become a leader in the domestic market.”
Matt Darin, CEO of Curaleaf, added, “There is significant momentum in Europe and with the most licences of any cannabis company in Europe, Curaleaf International is well placed to capitalize on this growing momentum. With Spain moving towards full implementation and France expected to complete the opening of its market in spring 2023, all 5 major European economies will have a medical cannabis program in place. We couldn’t be more excited about the future in this market.”
About Curaleaf International
Curaleaf International (formerly EMMAC Life Sciences Group) is Europe’s largest vertically integrated cannabis company, bringing together pioneering science and research with cutting-edge cultivation, extraction, and production. With a unique supply and distribution network throughout Europe, Curaleaf International’s vision is to bring the life-enhancing potential of cannabis to the people who need it. EMMAC Life Sciences was acquired by Curaleaf Holdings in April 2021.
For more information about Curaleaf International, please visit: https://www.curaleafinternational.com
- Advocates, parents ‘beg’ Nebraskans to seek out and sign petition to legalize medical cannabisAdvocates for legalizing medical marijuana switched Wednesday from urging Nebraskans to sign their petition to begging them as a July 7 deadline looms to submit signatures to qualify for the ballot in November.
- Iowans launch cannabis reform campaign aimed at showing public supportRobert “Lewy” Lewis of Windsor Heights has been in pain since 1974, when he had spinal surgery at the age of 21. To repair a blockage in his spine, surgeons removed eight inches of his vertebrae and then sewed them back on, using about 300 steel stitches.
- Big Apple Cannabis: CWCB Returns to New York City for Eighth Year“No one seems to have gotten it right.” Mayor Eric Adams told a Friday afternoon crowd, of legal cannabis in America. “This is our chance to get it right.” New York City’s mayor addressed attendees of the 2022 Cannabis World Congress & Business Expo (CWCBExpo) on the second day of the three-day event. Adams stressed the social equity focus of New York’s cannabis program.
- Nebraska medical cannabis backers file legal challenge to petition processSupporters of medical marijuana in Nebraska have launched a legal challenge to the state’s requirement that 5% of registered voters in at least 38 counties sign a petition to get the measure before voters on the ballot.
- N.J. lawmakers seek to curb cannabis useAs New Jersey nears the end of its first month of legal recreational marijuana sales, lawmakers have introduced a series of bills aimed at restricting what types of workers can use cannabis off the job.
- Missouri House votes to require disclosure of medical cannabis ownership recordsThe Missouri House voted overwhelmingly Tuesday to require state regulators to disclose ownership information for businesses granted medical marijuana licenses that the state has withheld from public view.
- Nebraska medical cannabis group calls for ‘grassroots’ effort after losing donorUnable to raise $1 million to replace funds from a major donor who died, Nebraskans for Medical Marijuana issued a plea Friday for supporters of the cause to take up petitions and gather signatures.
- Lawmaker says GOP resistance may doom Missouri cannabis legalizationA Republican lawmaker pushing legislation to legalize recreational marijuana in Missouri says his bill is in jeopardy because of stall tactics by his GOP colleagues and the insistence of the House floor leader that it include license caps.
- SD cannabis legalization campaign to submit signatures for NovemberToday, South Dakotans for Better Marijuana Laws, the political group that led the 2020 campaign to legalize cannabis in South Dakota, submitted petitions to place an adult-use cannabis legalization initiated measure on the November 2022 ballot.
- NH senate votes down legal cannabis bills, ending chances for 2022The New Hampshire Senate voted down two bills to legalize cannabis Thursday, likely heading off the last opportunities for legalization in the Granite State this year.