Keen interest in Greece’s now-legal medical marijuana business – with 26 licenses approved so far – will bring more than 100 million euros ($108.9 million) in capital investments over the next three years, likely to grow even more.
That’s for the initial creation of sites in northern Greece to grow and process what’s called pharmaceutical cannabis products – marijuana – based on the number of licenses okayed by the economy and development ministry, said the business newspaper Naftemporiki.
It’s been mostly foreign companies looking to invest in the new business with seven units set up so far in central Macedonia, including four in the Kilkis prefecture, near the free-trade-type zone at the major port of Thessaloniki, the country’s second-largest city.
Combined with the availability of land need for the products, the region is a prime spot for investors, the paper noted, with another point of export for future pharmaceutical cannabis products being the major port of Piraeus, one of the European Union’s busiest.
Read more at thenationalherald.com
