News World Greece licences first medicinal cannabis companies

Greece licences first medicinal cannabis companies

Greece on Monday issued the first licences to private companies for growing medicinal cannabis in the country, part of an attempt to tap a burgeoning market worth billions.

Greece legalised cannabis for medical use last year and in March lifted a ban on growing and producing it. Two licences were granted on Monday, and another 12 will be issued by the end of this year, the Economy and Development Ministry said.

“There is huge interest, mainly from Canada and Israel … some of them (potential investors) are huge,” Stergios Pitsiorlas, the deputy economy minister, told a news conference.

Legalising cannabis for recreational purposes is not under consideration, Pitsiorlas said in response to a question.

Pitsiorlas said the first medicinal cannabis products were expected to hit the market in about 12-18 months time. The industry was mainly export-oriented, he said.

Thousands of patients in Greece are thought to use cannabis for a range of serious medical conditions, though authorities don’t have precise figures.

Several countries, including Britain, Germany, Italy and Denmark, already allow the prescription of medicinal cannabis, and in June Canada became the second country in the world, after Uruguay, to fully legalise marijuana, ending a 90-year ban.

Under Greece‘s licensing system, medicinal cannabis products would be available on prescription from chemists. It would not be subsidised through state health insurance schemes, Health Minister Andreas Xanthos said.

The first licensed cannabis hothouses will be in Larisa in central Greece, and in Corinth in the Peloponnese. The 14 licences were expected to create more than 750 jobs and represented about 185 million euros ($212.05 million) in investment.

“Our message is that the country is open for investments,” said Vassilis Kokkalis, deputy minister of agriculture.

(Reuters)

Top Stories

Britain’s Banksy depicts U.S. flag on fire in Floyd tribute

  Reclusive British street artist Banksy published a new artwork online on Saturday which depicts the United States flag being set alight by a candle...

What U.S. police are shooting at protesters

  Police across the United States are using a variety of weapons on protesters during demonstrations against the death of an unarmed black man in...

Cyprus, Greece working together to promote tourism, says Perdios

  Cyprus Deputy Minister of Tourism, Savvas Perdios, underlined that Cyprus and Greece send the message that they have successfully  contained the COVID-19 pandemic, to...

Ministry issues guidelines for operation of gyms

    As part of efforts to prevent the spread of coronavirus, the Health Ministry has unveiled guidelines for the operation of gyms ahead of their...

One death, no new coronavirus cases

    A 68 year old man with coronavirus had died, the Health Ministry said on Saturday as it also announced no new positive cases for...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...