Growing cultivation of medical cannabis and exports will be bolstered by the New Democracy government keen to get the economy going after after being driven down hard by the COVID-19 pandemic.
A proposal presented by Development and Investments Minister Adonis Georgiadis at a cabinet meeting showed the cannabis would not be subject to the same laws as that sold domestically, which must follow the existing legislation calling for approval by the Hellenic Organization of Pharmaceuticals, said Kathimerini.
Exported products will be solely subject to the laws in the country importing them, the scheme at boosting production and exports, especially in view of increased interest by investors, the report added.
It came after Kaya Holdings, the first U.S. publicly traded company to vertically integrate cannabis retail, cultivation and processing, said its Greek venture named Dimitris Bouras the Lead Engineer, and his firm, Whitestone for the company’s planned operation in Thebes, said AccessWire. Kaya plans to build a 225,000-square foot cultivation site and 80,000-square feet of processing on 15 acres of land there, as companies have scrambled to get involved in Greece opening the market.
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