Conducting a cannabis business in Europe can be tricky, as the regulatory approach to medical cannabis in different European countries varies significantly.
Still, companies like CBD of Denver Inc. (OTC: CBDD) are pawing their way toward establishing themselves as leaders, as Europe's cannabis sector is poised to take off.
CBD of Denver's European Saga
In February 2020, the company inked an agreement with the Swiss company I'M Canabiz AG for a reverse merger.
The deal allowed CBD of Denver – a full-line CBD and hemp oil company – to distribute its products in the European country and introduce Swiss products to the U.S. market.
In June, the Colorado-headquartered company purchased another cannabis business with operations in Switzerland and other European Union countries that have legalized both CBD and cannabis products.
Six months later, the company …