• Tue. Feb 27th, 2024

Botanical Specialist Linnea Scores Narcotics License To Produce, Export High THC

ByJoana Scopel

Jan 17, 2023
Botanical Specialist Linnea Scores Narcotics License To Produce, Export High THC

Swissmedic, the surveillance authority for medicines and medical devices, granted Linnea SA a narcotics license at the end of 2022.

This allows the company to help bring a pharmaceutical level of quality to this emerging cannabinoid industry, which is projected to grow from $28.26 billion in 2021 to $197.74 billion in 2028.

Linnea will begin producing GMP-certified high-THC active pharmaceutical ingredients (APIs) in 2023, becoming one of the first Swiss companies to do so, per a press release.

See Also: Botanical Ingredient Producer Linnea SA Celebrates 40 Years

A narcotics license also allows Linnea to export their standardized and innovative high-THC APIs anywhere in the world where the importation of these products is legal.

“We are so honored to be granted a narcotics license in Switzerland, this opens up many new commercial possibilities for Linnea Cannabinoids and our customers,” Linnea CEO Susanne Caspar says. “High-quality cannabinoid ingredients are essential to producing the pharmaceutical products that patients need, and we are eager to contribute our expertise to this effort. We look forward to the opportunities this will afford us in creating new partnerships and continuing to innovate in the industry.”

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Image by El Planteo

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Image and article originally from www.benzinga.com. Read the original article here.