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Thunderstorm, the company behind the award-winning cannabis brand, has secured a strategic partnership to launch a new wellness line in Japan. KANHA will now have a presence in two major Asian markets, Japan and Thailand, as it continues to expand into new countries.
KANHA enters the Japanese market Featuring two product lines designed for medical and wellness consumers.
beginning, KRx by KANHA Features Medical Grade Nano CBD Tinctures and Softgels Designed to target specific health goals. 2nd line, Kanha Wellnesstarget Wider consumer market with nanotinctures, gummies and beverages. Both feature ultra-clean THC-free CBD oil extracted using Siam Agribio’s Endoca proprietary technology and KANHA’s Nano for fast-acting effects and excellent absorption.
“As one of the first American brands to enter the Japanese market, KANHA celebrates this historic moment for the company and medical cannabis as a whole.” cameron clarke, co-founder and CEO of Thunderstorm. “We believe in the power of botanical medicine and are excited to share its benefits with more consumers around the world.”
Mr Clark, the company’s CEO, previously announced and shared KANHA’s strategic expansion plans into Thailand with Mr Benzinga. Patricio Riddle In an interview with Benzinga’s Cannabis Insider Podcast.
SEE ALSO: Thailand’s cannabis reversal intensifies: Advocates want government to scientifically justify marijuana recriminalization
Thunderstorm (KANHA) and Siam AgriBio are the actors in a partnership that spans three continents and multiple companies. Other participants include Tokyo-based Litec, Danish hemp producer Endoka, and Good Agricultural Practices (GAP) certified Thai grower Suvarnabhumi Agricultural and Herbs.
Opportunities in the industry are expanding as more countries around the world embrace legal cannabis, medical cannabis, and CBD products. To learn all about the future of the cannabis industry, attend the Benzinga Cannabis Capital Conference in Chicago this October. Hear directly from key industry players and policymakers. Follow this link to get your tickets now.
Japan’s potential
Lightec, a Japanese household goods giant founded in 1937, will market, distribute and sell its products to its vast network of retailers and clinics. Siam Agri Bio will provide the same raw materials used by Endoca Japan, the most successful European CBD company in the Japanese market, and KANHA will oversee product development and production.
Last month, The Japan Times reported that the cannabis market has grown sixfold in the past four years due to the growing popularity of CBD products, with sales reaching 24 billion yen ($154 million) in 2023. Additionally, the government recently expanded access to medical cannabis with the first amendment to the Cannabis Regulation Act in 75 years.
Previously, substances containing compounds derived from the marijuana plant were only allowed in clinical trials, but patient groups are calling for changes. They are seeking approval for cannabis-derived CBD medicines such as Epidiolex., It is approved in the US and Europe for conditions such as severe epilepsy.
According to Euromonitor International, “This amendment is expected to significantly accelerate the use of cannabidiol (CBD) in various fields such as medicine, health, beauty, beverages, and food in Japan.”
See also: Functional cannabis through pharmaceutical nanotechnology? How KanhaFX expands cannabinoid delivery and market share
Photo: Courtesy of Stockbym (via Shutterstock)
Would you like to earn 27% every 20 days?
This is the average amount that Nic Chahine bought in options. Don’t sell covered calls or spreads…buy options. Most traders don’t even have a 27% buy option win rate. His win rate is 83%. Here’s how he does it.
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