Italy's CBD Twist: A Step Back Amidst Booming Global Green Gold?
Portfolio Pulse from Joana Scopel
The Italian government has reclassified cannabidiol (CBD) as a narcotic, diverging from the European Commission's stance that CBD should not be classified as such. This move has been opposed by key industry stakeholders, warning of potential negative impacts on businesses and the local CBD market. Despite these changes, Italy's medical cannabis market continues to source cannabis primarily from the Netherlands, Canada, Denmark, and Germany, with Aurora Cannabis Inc. (NASDAQ:ACB) among the top suppliers since 2019.
September 15, 2023 | 1:57 am
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Aurora Cannabis Inc. (NASDAQ:ACB) may face potential challenges in the Italian market due to the reclassification of CBD as a narcotic. However, it remains a top supplier to Italy's medical cannabis market.
The reclassification of CBD as a narcotic in Italy could potentially impact Aurora Cannabis Inc.'s business in the country. However, the company remains a top supplier to Italy's medical cannabis market, which could mitigate some of the potential negative impacts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70