Shunhao Shares Response to Legalization of Cannabis in Europe

Business by 2FIRSTS.ai
Apr.11.2024
Shunhao Shares Response to Legalization of Cannabis in Europe
Investors show interest in Shunhao Group as Germany legalizes marijuana, leading to speculation on impact of global cannabis policies.

Recently, investors on an interactive platform have inquired about Shunhao Shares (SZ: 002565). It has been reported that Germany has fully legalized marijuana starting from April 1 this year, joining the ranks of European and American countries with legalized marijuana. In response to this move, the market is concerned about whether the company's marijuana business will be positively impacted.

Shunhao Shares Response to Legalization of Cannabis in Europe
Question and Answer details | Image source: InteractiveEasy

 

Shunhao Group (stock code: 002565) stated that the company's industrial hemp products have not yet been sold to the European market, and the opening of cannabis in some European countries will have limited short-term impact on the company's industrial hemp business. With the further opening of global industrial hemp policies, the company will actively expand overseas markets and application scenarios in the future, accelerating the company's industrial hemp industry layout.

 

 

Notice

1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.

2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.

3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.

Copyright

This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.

This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.

Chile Enacts New Vaping Law Banning Sales to Minors, Restricting Ads to Enclosed Spaces
Chile Enacts New Vaping Law Banning Sales to Minors, Restricting Ads to Enclosed Spaces
Starting May 20, 2024, Chile has implemented a new law regulating the sale, use and advertising of vaping products, including a ban on sales to anyone under 18 and restrictions on use in enclosed public spaces.
May.20 by 2FIRSTS.ai
Polish Lawmakers Pass Bill to Ban E-Cigarette and Nicotine Pouch Sales to Minors, Restrict Online Sales and Ads
Polish Lawmakers Pass Bill to Ban E-Cigarette and Nicotine Pouch Sales to Minors, Restrict Online Sales and Ads
Poland’s lower house has passed a new law banning the sale of all types of e-cigarettes and nicotine pouches to individuals under 18, regardless of nicotine content. The legislation also restricts online sales and advertising, and expands public use bans to cover all e-cigarette products.
May.22 by 2FIRSTS.ai
Scoil Parent Company Winbond Technology Reports 90% Drop in Q1 2025 Net Profit, Revenue Falls 28% to 1.338 Billion Yuan
Scoil Parent Company Winbond Technology Reports 90% Drop in Q1 2025 Net Profit, Revenue Falls 28% to 1.338 Billion Yuan
The report reveals a 28.29% year-on-year decline in operating revenue to 1.338 billion yuan (RMB), while net profit attributable to shareholders of the listed company plummeted 90.43% to 15.1642 million yuan. Notably, selling expenses surged 103.08% year-on-year, which the company attributes to intensified global market expansion efforts to bolster its international strategic footprint.
Apr.27 by 2FIRSTS.ai
South Australia Implements Strictest Vaping Law in the Country, With Fines Reaching $4.3 Million
South Australia Implements Strictest Vaping Law in the Country, With Fines Reaching $4.3 Million
South Australia enforces Australia’s strictest anti-illicit tobacco and vaping law, with fines up to $4.3 million for commercial-scale violations.
Jun.11 by 2FIRSTS.ai
Kyrgyzstan’s E-Cigarette Ban Takes Effect in July — Violators Face Fines or Jail Time
Kyrgyzstan’s E-Cigarette Ban Takes Effect in July — Violators Face Fines or Jail Time
Starting July 1, 2025, Kyrgyzstan will implement a nationwide ban on the import, sale, and use of e-cigarettes. Under the newly enacted law, individuals caught using e-cigarettes will face a fine of approximately $110, while large-scale illegal imports could lead to fines of up to $2,200 or up to two years in prison.
May.26 by 2FIRSTS.ai
PMI Q1 Revenue Hits $9.3B, ZYN US Shipments Jump 53% to 200M Cans
PMI Q1 Revenue Hits $9.3B, ZYN US Shipments Jump 53% to 200M Cans
In Q1 2025, Philip Morris International reported net revenue of $9.301 billion, up 5.8% year-over-year, with operating income rising 16.4% to $3.544 billion. Smoke-free products accounted for 42% of net revenue and 44% of gross profit. Total shipment volume grew 14.4%, with heated tobacco products like IQOS reaching record market shares in Japan and Europe. ZYN nicotine pouch shipments in the U.S. surged 53% year-over-year.
Apr.24 by 2FIRSTS.ai