How Greece is Growing Medical Marijuana to Tackle High Unemployment

Discussion in 'Other World Regions' started by VakarianZ, Jan 29, 2018.

  1. VakarianZ

    VakarianZ Administrator

    How Greece is Growing Medical Marijuana to Tackle High Unemployment


    "A project to cultivate, process and export medical marijuana in Veroia, in the fertile north of the country, shows how Greece sees cannabis as a possible growth industry for the country, which has a warm, dry climate similar to California. New legislation could make the plan a reality as soon as next summer.

    The Veroia site will create more than 2,000 jobs in the next two to three years, according to Georgios Zafeiris, chief executive at Golden Greece, the company responsible for coordinating the project’s group of 10 investors from countries including Canada, Kazakhstan, Poland and Israel. The first round of investment is seen at €400m (£352m), rising to more than €1.5bn, and 80 per cent of the jobs in areas such as cultivation, trading and transport could go to Greeks.

    “In Greece, we’re not looking at bringing people in from other areas that have cannabis experience,” says Michael Blady, one of the investors involved in the Veroia project. “We’re going to train as many people as we need and we’re going to start our own culture here.”

    Recreational users
    While initial plans will focus on extraction, processing and packaging of medical marijuana, investors are also looking into an eventual recreational cannabis market in the country, provided the government opts for fuller legalisation in the future, according to Blady.

    Alexis Tsipras’s left-wing Syriza government, an enthusiastic backer of projects like Veroia, is set to propose legislation to allow pot cultivation projects to go forward as soon as the end of this month. The bill will be posted on the government’s website to allow the public to weigh in on legalising cultivation and export of medical marijuana.

    “There’s significant interest by the investor community to exploit the possibilities of the new legal framework for medicinal cannabis in Greece,” agriculture minister Evangelos Apostolou says. The government is willing to assist any investment project that could help boost the economy, he says."

    Full Story Here:

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