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Portugal: €2.3 million invested into cannabis production unit

In statements to Lusa news agency, the mayor of Castelo de Vide, António Pita, explained that he received this information during a recent meeting with representatives of the company Bio Leaf Health. The company, headquartered in France, implemented a production unit in 2021 in the rural parish of Póvoa e Meadas, and with this project, the investment in this medicinal cannabis factory reaches €8 million.

"Currently, due to seasonality, the company already employs between 30 and 40 people at different times of the year, which is a very interesting number, especially for a parish that also suffers from the effects of rurality," observed the mayor.

According to Antonio Pita, this investment that the company will make aims to "increase the quality of the product" in relation to the value currently practiced in the market.

"The production done here is still far below the values ​​practiced in relation to the market for this product," he said. Therefore, he continued, "the introduction of greenhouses and equipment aimed at producing higher quality cannabis is the objective of this investment."

Read more at The Portugal News

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