Greece Opens First Medical Pot Production Plant

History was made in Greece, where the country inaugurated its first-ever medical cannabis factory last Thursday.

by Greek reporterwhich opened in the city of Corinth, is backed by an investment from Tikun Europe, a subsidiary of Israel-based medical cannabis company Tikun Olam.

Greece’s Minister of Development and Investment, Adonis Georgiadis, has heralded the opening of the factory as a milestone for the country.

At the opening event of the Tikun factory on Thursday, Georgiadis said cannabis could become a “product that can be exported across Europe, as this factory can export large volumes to all major European countries.” said. As quoted by Greek reporter.

Tikun Europe CEO Nikos Beis hailed the new facility in Greece as “the largest pharmaceutical facility in the European industry,” according to the outlet.

“The operation of the Tikun Europe facility will usher in a new era for our country, paving the way for Greece to become one of the major players in the production and export of medical cannabis products.” Beis said: Greek reporter.

Greece legalized medical cannabis in 2017, but the government has banned imports of such products in 2021.

But that seems to be changing.

The country announced last year that cannabis would soon be sold in pharmacies across Greece.

“The goal is for Greece to become the top European country for the production of medical cannabis. Said of Greek reporter Last year, he said, “foreigners will also be able to use medical cannabis in Greece” and “will be able to purchase it at pharmacies” with a doctor’s prescription.

At the time, the outlet said Georgiadis expected “huge investments in medical cannabis production that the government hopes will add up to €1.5 billion ($1.67 billion) annually to state revenues.” Reported.

of Greek reporter there is more About facilities:

“The factory will be able to produce finished medical cannabis products in the form of various pharmaceuticals,” said Tikun Europe. Aimed at an immediate start, when fully grown, the amount of dried flowers reaches 10 tons.The plants received are under strict protocols to ensure that the unique characteristics of the mother plant are preserved for future generations. The facility is expected to gradually reach full capacity levels in the near future, offering a wide variety of finished medical cannabis dosage forms.”

Tikun last year received a license to start operating the facility.

“I was very happy to have the operation. [license] of our recently completed production unit said in a statement At the time. “We are one step closer as the plant will start operating soon. [realization] Our vision is to meet the growing demand in Greece and Europe for high quality medical cannabis products. Our factory is one of Europe’s largest pharmaceutical companies in certain industries, leveraging our country’s potential to play a leading role in the global market for medical cannabis. ”