Malta Enterprise revealed that Materia Malta has just become the island’s first company to export medical cannabis to another country, having just made a shipment to Germany.
Materia is a leading producer and distributor of medical cannabis in Europe, with Nick Pateras, the Managing Director of Materia in Europe, saying he believed Malta would play an important role in the global cannabis supply chain.
He expressed his pride for being the company establishing new frontiers for the local and European cannabis industry. Kurt Farrugia, Malta Enterprise CEO, also welcomed the development.
“This is a veritable milestone which places Malta on the map within a sophisticated global supply chain. We have worked tirelessly to attain this result – a moment which will in turn push us to other frontiers within the medical cannabis field.”
Materia’s German distribution subsidiary, Materia Deutschland GmbH, took delivery of the shipment and commenced sales to pharmacies. Germany is currently Europe’s largest medical cannabis market.
Materia is one amongst a number of other operators who have established their home in Malta in the recent years, since the legislation allowing for the production of medical cannabis products for research and medical purpose has been enacted in 2018.
The future of medical cannabis industry in Malta looks bright as other companies are in process to obtain their license in the coming months which would ultimately allow for exports to various countries.
Malta Enterprise has also approved a number of startup projects related to Research and Development on cannabinoids, their use in different therapeutic indications, and innovation in industrial processes related to cultivation and extraction.
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