Little Green Pharma Ltd (ASX: LGP) is strategically positioned to leverage the recent changes in French healthcare legislation, which signal a significant shift in the integration of medicinal cannabis within the country's healthcare system. Under the amended French health security bill, LGP, alongside two other suppliers, has secured an exclusive right to supply medicinal cannabis products during a 9-month transitional period, supported by a €10 million budget.
Subsequently, a bespoke, subsidized public access program for qualified medicinal cannabis products will be established in France. Benefiting from their continuous supply to the French Pilot since 2021 and established partnerships with patient networks, hospital prescribers, and pharmacies, LGP and its distribution partners aim to capitalize on this initial advantage. With France representing one of Europe's largest potential medicinal cannabis markets, estimated at €5.6 billion (AU$9.3 billion), LGP's strategic positioning and established relationships place them at the forefront of this evolving landscape.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
