Cannovum AG is currently founding a cultivation alliance for recreational cannabis in Germany. The aim of the alliance: build a network of companies that will be a strong advocacy group for the cannabis industry and, in the wake of legalization, will rapidly be able to meet the demand for high-quality legal cannabis in Germany. A premium founding partner is Tim Spieker, owner of the leading horticulture company Hortensien Spieker.
The shared expertise between both cultivators, technology experts, and distributors is important for the German cannabis market, as according to the German government's plans, recreational cannabis may only be cultivated in this country. This will establish a market of up to eight billion euros and potentially create 27,000 new jobs. Experts assume that the demand will be enormous, with an estimated demand of around 400 tons of cannabis per year. Therefore, it will take several years before German producers can fully serve this market, and this demand can only be met reliably by prepared, strong companies.
That is why Cannovum is helping to ensure that people in Germany can access controlled, high-quality, and sustainably produced cannabis products quickly by partnering with specialist companies in the cultivation alliance. This is made possible through the exchange of knowledge and experience as well as the joint commitment to the concerns of the cultivation companies. In addition, an ecologically and climate-friendly method of cultivation is in the foreground.
"We are convinced that cooperation between companies is crucial to promote legal cannabis cultivation in Germany," says Pia Marten, co-founder, and CEO of Cannovum AG. "By founding the alliance, we want to contribute to the industry's ability to evolve and quickly meet the demand for recreational cannabis that will arise in the wake of legalization."
In addition to Cannovum, another accomplished and strong partner, Hortensien Spieker, is joining as a founding member of the cultivation alliance. Owner Tim Spieker is already preparing his own separate site with new land dedicated for the legalization and is expected to grow up to 10.8 tons of cannabis per year in a sustainable, CO2-positive, and, therefore climate-friendly method within the legal possibilities and guidelines.
"We would like to contribute with our experience and our high-quality standards so that people in Germany can consume a safe, premium product," says Tim Spieker. "We are therefore very pleased to enter into an eye-to-eye partnership with Cannovum so that we can jointly process our flowers into high-quality products and bring them to market." Hortensien Spieker's existing plant operations will continue regardless of the cannabis plans.
Hortensien Spieker plans to distribute its cannabis flowers exclusively to Cannovum. However, this is not a requirement for businesses to become part of the cultivation alliance.
For more information:
Cannovum
cannovum.com