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As Greece gears up to approve medical marijuana program, many are hoping the foreign investment in legal weed can help dig the country out of its financial problems. Greece’s economy has been in a downward trend for the past several years. The country has since been unable to pay its debts. And bailout negotiations with the “troika,” the IMF, European Central Bank, and European Commission, have imposed harsh austerity measures on the country. Could legal cannabis help Greece on its way to economic recovery?
Greece Gears Up To Approve Medical Marijuana Program
The focus of Greece’s recent move to capitalize on cannabis is undeniably the prospective economic gains.
By the end of the month, the country’s parliament expects to approve medical use of cannabis in Greece. The move builds off of two precedents from the previous year.
In 2017, Greece officially authorized the import of medical cannabis products. In the same year, the country legalized industrial hemp cultivation.
These broad-based initiatives helped to catalyze investment in the hemp industry and create markets for medical cannabis in Greece. The plan to legalize medical cannabis use aims to grow these sectors further.
The plan is immensely popular in Greece. This weekend, in the capital Athens, Greece held its first medical cannabis trade fair. The event attracted people from the industry and the government. According to The Jakarta Post, 100 local and foreign businesses took part in the event.
Greece’s deputy agricultural development minister, Yannis Tsironis was also in attendance, along with many other government officials.
The amendment to come before parliament will set clear