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Benzinga

SOMAÍ Pharmaceuticals Bringing The Future Of European Cannabis Market

SOMAÍ Pharmaceuticals Ltd. was a sponsor at the Benzinga Cannabis Capital Conference on February 25-26, 2021. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only. When the COVID-19 pandemic hit the world by surprise last year, cannabis businesses around the world faced the uncertainty of one of the most challenging years for everyone. However, in the middle of chaos, many positive things happened in the industry. In Europe, the Court of Justice of the European Union (CJEU) ruled that cannabidiol (CBD) was no longer a narcotic under the UN Single Convention on Narcotic Drugs of 1961 — allowing free trade among EU states. North America declared cannabis an essential business, and many M&As opened the window to new international markets. In fact, companies like Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) entered the European cannabis market with the acquisition of EMMAC Life Sciences. Investors are finally seeing the full potential of this market that is poised to reach $36,997.1 million by 2027. Having the right strategic partnership and understanding of EU compliance requirements will be crucial to reach the old continent. Thankfully, there are many local companies with a strong presence and amazing capability. For example, SOMAÍ Pharmaceuticals, a company focused on extraction, cultivation, research, development, and distribution of GMP pharmaceutical-certified cannabinoid products for the EU market aims to help global pharmaceutical distributors reach a broader demographic through the successful model of Solaris Farms in the U.S. Here’s what you need to know. Who Is SOMAÍ Pharmaceuticals? SOMAÍ Pharmaceuticals is a medical model for the cannabis industry, initially focussing on the extracts market and development of pharmacological applications with 90%+ THC distillate

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