Greece Looks to Draw Billion-Dollar Investments After Legalizing Medical Marijuana

Society » HEALTH | March 14, 2018, Wednesday // 14:45| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Greece Looks to Draw Billion-Dollar Investments After Legalizing Medical Marijuana Източник: pixabay

After the Greek parliament approved a law for the cultivation and sale of medical cannabis this month, five international companies already have expressed interest in pumping over 1 billion euros ($1.2 billion) into the country’s burgeoning sector.

However, investments will largely depend on the secondary legislation that has yet to be developed, according to the daily newspaper Kathimerini.

Ontario-based medical cannabis heavyweight Canopy Growth is said to be one of the five international companies eyeing Greece for cultivation of cannabis for medical use, according to a Greek newspaper.

Marijuana Business Daily reported two weeks ago that Aphria, also based in Ontario, held meetings with industry stakeholders in the country.

Greece’s parliament approved the bill on March 1 that allows for the production, possession and supply of the “Cannabis Sativa L containing more than 0.2 percent of tetrahydrocannabinol (THC),” according to the measure.

Canopy and Aphria are traded on the Toronto Stock Exchange under the symbols WEED and APH, respectively.//mjbizdaily.com

Health » Be a reporter: Write and send your article
Tags: marijuana, greece, legalize, health
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria