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Cannabis from Macedonia can compete in the current European market

door Ties Inc.


Medicinal cannabis from Macedonia could soon be available in Germany and Poland. PharmaCann Polska recently became the first company to obtain EU Good Manufacturing Practice (EU-GMP) certification to produce medicinal cannabis extracts at its factory in North Macedonia.

This brings the company with its headquarters in Warsaw - with its production facilities in North Macedonia - a step closer to being able to offer its medicinal cannabis extracts in Germany and other countries of the European Union.

Once available, Macedonian products, like Colombian ones, will create price pressure due to lower production costs. Although flower exports are not allowed in North Macedonia, no new law is needed to export extracts. The GMP certificates were issued in March by the Chief Pharmaceutical Inspectorate of Poland, the national authority responsible for overseeing the manufacturing and marketing of medicines. Polish authorities inspected PharmaCann's Macedonian subsidiary known as NYSK in December 2019.

Zlatko Keskovski, PharmaCann and CEO of NYSK: “When I hear about the prices of medicinal cannabis extracts in Germany and other European countries, I cannot believe how expensive they are. We expect our production costs to be very competitive in the EU markets, ”said Keskovski in a telephone interview. On MJBizDaily, Zlatko stated that the first products should be available to patients in Germany next month.

Pharmacann Polska's CEO also explained that the company will sell directly to pharmacies through its own distribution assets in Germany, while the Polish company will also offer white-label services to other German companies. “German authorities accepted GMP certification from the Polish Pharmaceutical Inspectorate,” Keskovski confirmed to MJBizDaily.

Keskovski expects to start selling some of the first oils on the Polish market by November. The Macedonian company has already shipped small quantities of cannabis products to Australia, Brazil, Croatia, Slovenia, South Africa and the United Kingdom, according to Keskovski.

Read more mjbizdaily.com (Source)

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