Greece has passed a draft bill to legalize medical cannabis, Euro News reported on Friday.
If fully passed the bill will allow the cultivation and production of cannabis in Greece.
Foreign investors are already eying the future lucrative opportunities in Greece, which has an ideal climate to grow marijuana. Greece is now being sized up by investors, including a Canadian company that says it is to start cultivation this year, Euro News.
The Canadian company Aphria is one of the foreign companies that would like to make a soft landing in Greece. It is planning to grow and produce medical cannabis in the northeastern region of Xanthi this year, according to the Athens-Macedonian News Agency.
Aphria representatives have already met with Greek’s Deputy Economy and Development Minister Stergios Pitsiorlas to discuss an investment of 1 billion euros ($1.2 billion).
Meanwhile, not everyone is happy over the passage of the draft bill.
The right-wing New Democracy opposition said they do not want anyone to turn Greece into a land meant for weed cultivate.
“Since in one year from now you will not be in that seat, you should know that we will not allow our country, Greece, to become a vast hash cultivation ground,” said New Democracy MP Kostas Vlasis.