Cannabis Businesses Soon to Open in Greece
The SYRIZA Government believes that the medical cannabis industry will attract billions in foreign and domestic trade investments.
Greece gave out it’s first two cannabis cultivation licenses on Monday to the two private companies Biomecann and Bioprocann. These are just the first of 14 to be issued by the year’s end. These licenses mean that both companies can start cultivating cannabis in Greece which will also open up hundreds of new jobs in the industry, open up more domestic and international investments, and ultimately put more money into Greece’s pockets.
More than a Dozen Private Retail Licenses will be issued by year’s end in Greece.
Bioprocann, based in Corinth, and Biomecann, based in central Greece in Larisa, are just the first of many private cultivation companies to receive their licenses. These will be issued good standing for up to 5 years with annual renewals. According to Reuters all 14 cultivators represent more than 212 million USD in investment and could create more than 750 jobs in the industry. This is huge for the Greek government and its citizens.
Greece’s Economic struggle has been no secret. They have had to take harsh penalties for bailing out on negotiations with european lenders. Unable to pay its debts Greece’s progressive SYRIZA government believes that the cannabis industry will provide that much needed boost to stabilize and bring back the nation’s economy.
Can Cannabis save the Greece economy and benefit the citizens all at the same time? Will the rest of the licenses be handed out? How many news jobs can we actually expect to see by the new year for Greece’s cannabis industry? Will Greece’s plans to become a huge player in the international medical cannabis cultivation stage play out as they hope?