Greece is working on an amendment to legalize Medical Marijuana in early February.
Deputy Agricultural Development Minister Yannis Tsironis said the amendment will be approved the parliament in few weeks.
“In a few weeks’ time, an amendment will be brought to parliament to define the legislative framework for the cultivation and manufacturing of pharmaceutical products based on medical cannabis, which will open the way for Greek and foreign investments,” — he said.
The deputy minister attended Greece’s first medical cannabis trade fair last weekend held at Athens, along with other government officials.
The minister said he is expecting 1.5 to 2 billion euros (S$2.4 to S$3.2 billion) as an investment in cannabis trade in the coming months with Greek, Israeli and Canadian companies already expressing interest.
The government last year authorized the import of several pharmaceutical products based on medical marijuana, as well as hemp cultivation for industrial purposes.