Zinger Key Points
- CBD of Denver made out well at Berlin's Mary Jane fair, showcasing its innovative CheckMyWeed tool and engaging with the public
- CheckMyWeed's tests show average THC of 16.1% in flowers and 42.6% in resin; average CBD is 10.3% in flowers and 26.3% in resin
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CBD of Denver, Inc. CBDD wants to get into the German cannabis market. They announced recently that they excelled at the recent Mary Jane Berlin trade fair, where the company offered cannabis samples. The event drew over 40,000 attendees and showcased more than 300 exhibitors, which provided a platform for CBD of Denver to engage with Germany’s evolving cannabis market. The company also announced a revenue projection of about $300,000 for June 2024.
Strategic Engagement In Germany
The Mary Jane Berlin trade fair was so big that it exceeded the venue’s capacity. Spaces like that glow with opportunities for cannabis businesses. CBD of Denver used this huge opportunity to connect with the German cannabis community and tested its CheckMyWeed, a handheld NIR spectroscopy tool. The company conducted over 600 tests on cannabis samples, delivering precise cannabinoid profiles. Here are the detailed results:
- THC Flower: 517 samples tested, with THC levels ranging from 5.6% to 25.8%, averaging 16.1%.
- THC Resin: 48 samples tested, with THC content from 16.3% to 60.6%, averaging 42.6%.
- CBD Flower: 32 samples tested, with CBD levels from 3.5% to 20.7%, averaging 10.3%.
- CBD Resin: 7 samples tested, with CBD content from 13.2% to 45.3%, averaging 26.3%.
Read also: Cannabis On The Rise In Europe: Why Germany’s Legalization Is A Game Changer For The Ecosystem
Aiming For Cannabis Clubs In Germany
The weed festival served as a platform for showcasing innovations and allowed Stefan Röhrl, CSO of subsidiary Luxora to participate as a panelist. Luxora Solutions engaged with various parties interested in starting cannabis clubs that can begin their licensing process as early as July 1. Each federal state in Germany must appoint its administration to handle this process. The company announced the collection of more than 50 qualified leads within cannabis social club enthusiasts.
To learn more about opportunities for American companies in Germany and Europe, come join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
Germany’s cannabis recent legalization is influenced by the non-profit, member-based model of Cannabis Social Clubs (CSC). This model is commonly seen in Spain, where it is still unregulated. Germany allows a cap of 500 clients per club, enabling scalable growth within the legal framework. The CSC framework offers a structured yet restrictive environment where these clubs can legally operate. This sort of regulatory design pushes companies to be creative when it comes to developing adjusted business models, where cannabis ancillary might have privileged opportunities.
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