“In a few weeks’ time, an amendment will be brought to parliament to define the legislative framework for the cultivation and manufacturing of pharmaceutical products based on medical cannabis, which will open the way for Greek and foreign investments,” deputy agricultural development minister Yannis Tsironis said.
Tsironis said the legalization of medical cannabis could attract investments of 1.5 to 2 billion euros, with Greek, Israeli and Canadian companies already expressing interest.
The deputy minister, along with other government officials, attended Greece’s first medical cannabis trade fair this weekend. Over 100 local and foreign businesses took part in the event, which was held near Athens.
The government last year authorized the import of several pharmaceutical products based on medical marijuana, as well as hemp cultivation for industrial purposes. Over a dozen EU countries have authorized the use of medical cannabis.