Greece expects huge investments in the production of medical cannabis which the government hopes would add up to 1.5 billion euros ($1.67 billion) annually to state revenue, Minister for Development and Investment Adonis Georgiadis said.
Speaking exclusively to Greek Reporter, Georgiadis maintained that medical cannabis would be produced and sold in Greece beginning in 2022.
“The goal is for Greece to become the top European country in the production of medical cannabis. Greece’s environment is friendly for this particular plant and we think we will have a natural advantage,” Georgiadis told Greek Reporter.
Greece legalized medical cannabis in 2017 and repealed a ban on cultivation and production in March 2018.
Medical cannabis, also called medical marijuana, is an herbal drug derived from plants of the genus Cannabis that is used as part of the treatment for a specific symptom or disease such as cancer, chronic pain, and mental disorders.