EuroLife Brands is dedicated to building a vertically integrated company specialising in the European cannabinoid, health and wellness markets. The company is going to launch its own exclusive cannabis cigarette brand called HANF SWISS. HANF SWISS cannabis cigarettes are going to contain neither tobacco or nicotine and are rolled in bio-cannabis paper with a natural cellulose filter.
EuroLife Brands (CSE: EURO) (FWB: 3CMA) (OTCPK: EURPF) (“EuroLife” or the “Company”), a vertically integrated company specializing in the European cannabis, cannabinoid and health and wellness markets, is pleased to announce that it will launch its own exclusive cannabis cigarette brand, HANF SWISS.
Hemp.im provides the latest news about the CBD and hemp sector, which is predicted to be worth more than $14.67 billion by 2026.
HANF SWISS cannabis cigarettes to be distributed in Europe
The distribution of cannabis cigarettes will begin in the European market.
As soon as full operation is reached, EuroLife intends to market its HANF SWISS cannabis cigarettes via its internet trading platform for CBD products.
The planned market launch of the HANF SWISS brand coincides with the latest press release dated Nov. 22, 2019, in which the company reported on the signing of a binding letter of intent to acquire shares in a major project for cannabis cultivation in the advanced stage near Dresden, Germany.
With the conclusion of the Letter of Intent, EuroLife will ensure a secure and continuous supply of cannabis filling material from the Dresden cultivation company.
Cannabis cigarettes to be made with no tobacco
HANF SWISS cannabis cigarettes contain neither tobacco nor nicotine and are rolled in bio-cannabis paper with a natural cellulose filter.
“In addition to the transaction to acquire shares in the Dresden cannabis cultivation project, as an incubator, we will also proactively work on building up a downstream vertical market in order to generate the highest possible profit margins by supplying raw material from the cultivation,” explains Shawn Moniz, President and CEO of EuroLife Brands.
“As soon as EuroLife has the ownership shares in its pocket, it plans to launch synergistic high-value brands for distribution in Europe as part of an ambitious market strategy. The launch of the HANF SWISS cannabis cigarettes signals the entry into one of the fastest-growing market segments of the cannabis industry: dried and smokable cannabis flower.
Cannabis as a helpful tool for addiction
Recent market reports suggest that more and more smokers are turning to cannabis because it contains neither tobacco nor nicotine and is rich in various active ingredients with potential benefits like CBD.
According to a recent industry report conducted by “Research and Markets,” the global cigarette market is expected to reach an estimated value of $1,124 billion by 2024 and is forecasted to grow at an annual rate of 4% over the next five years.
After recently increasing health problems with electronic cigarettes and vape products, consumers can now choose another consumption option with the natural cannabis cigarettes.
Research shows cannabis cigarettes may help smokers cut back on tobacco
In addition, the market research institute Brightfield Group also conducted a market survey among more than 5,000 CBD consumers.
24% of the respondents stated that they had stopped smoking with the help of CBD and were now smoking cannabis or consuming vape products instead of cigarettes.
The same report also showed that 41% of people who had undergone a smoking cessation program now are using only CBD cannabis instead of tobacco.
In countries where cannabis has already been legalized or is about to be legalized, such as Germany and large parts of the European Union, cannabis cigarettes are now on the rise. Thus the impressive growth in the market for dried and smokable cannabis flowers will continue.
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