Greece’s parliament is expected to approve the medical use of cannabis in the coming weeks. Deputy Minister said that this change would attract investment to the country.
Greece will be moving forward in the medical marijuana industry. “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 told AFP.
Tsironis said the legalization of medical cannabis could attract investments of 1.5 to 2 billion euros. Furthermore, Greek, Israeli and Canadian companies are already expressing interest.
The Athens Cannabis Expo 2018
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.
First of all, this was the first cannabis exhibition on Greek soil. Iy opened on Friday at the Taw Kwon Do stadium in Faliro to raise awareness about the medicinal and industrial uses of the marijuana plant.
The Athens Cannabis Expo 2018 ran until January 14th. It included over 100 business entities from Greece and abroad who specialize in the use of cannabis in industry and medicine. Canadian activist Rick Simpson also was in attendance. He used oil extracted from cannabis to cure his skin cancer and is credited with helping another 5,000 people overcome the disease.
Alternate Agriculture Development Minister Yiannis Tsironis and Economy and Development Secretary General Efstratios Zafiris; who have already attended the event, spoke with producers and patients.
The government last year authorized the import of several pharmaceutical products based on medical marijuana, as well as hemp cultivation for industrial purposes.
Hemp can be used to make construction materials, paper, textiles, and food. It refers to the non-psychoactive (less than 1% THC) varieties of Cannabis sativa L. Both hemp and marijuana come from the same cannabis species. They are genetically distinct and are further distinguished by use, chemical makeup, and cultivation methods.
Over a dozen EU countries have authorized the use of medical cannabis.