AgraFlora Organics International has initiated due diligence with respect to a potential partnership with Dixie Brands Inc. relating to the manufacture, sale and distribution of cannabis infused products within legalized markets in the European Union .
"The European Union is a significant opportunity with more and more countries embracing medical cannabis and cannabis-based products. By exploring these opportunities with AgraFlora, we can leverage our experience in the United States to bring high-quality products to the European market." says Chuck Smith, President of Dixie Brands.
With a population in excess of 500 million citizens, the EU represents a significant share of the global legalized cannabis market. France, the UK, and Spain are reviewing current legislation, while Germany, Italy, and the Netherlands are focusing on expanding existing medical programs. This has led industry reports to suggest Europe is likely to become the world's largest legal cannabis market in the next five years. According to a research report by Prohibition Partners, the cannabis market in the EU may represent as much as €123 billion by 2028.
For more information:
Dixie Brands Inc.
dixieelixirs.com
AgraFlora Organics
agraflora.com