Israeli medical cannabis firm Medivie Therapeutic stated on April 26 the North Macedonia’s authorities have issued an arrest warrant against the organization’s CEO and other senior officers since they were allegedly involved in criminal actions regarding the organization’s subsidiary in North Macedonia.
The cannabis company is increasing in the nation of 2mn people following the last government headed by conservative VMRO-DPMNE legalised medical cannabis back in 2016.
The authorities in North Macedonia assert the cannabis produced there’s marijuana-type, with high rates of Tetrahydrocannabinol (THC), which is illegal in the nation, the business said in a filing with the Tel Aviv Stock Exchange on April 26. You can check out reputed seed bank for more info.
On the other hand, the business stated that the outcome of the evaluations demonstrate it generates cannabis that includes a THC concentration of less than 1%, that can be allowed for developing and saving in North Macedonia.
“We have all of the records that reveal the value chain is handled based on Macedonian regulations such as purchasing the seeds as well as the police presence in the place throughout the crop,” Cohen was mentioned by Israeli news supplier Globes.
Globes wrote that after the statement, Medivie’s share price dropped by over 3 percent over the Tel Aviv Stock Exchange.