Cannabis products produced in Greece are not yet available (as the processing plants have only just been established). It is anticipated that the first Greek-grown medical cannabis will come to market in 2020.
Additionally, the plant was downgraded from a Class A to a Class B drug. This highlighted the Greek government’s softening attitude to cannabis.
“Perceptions are changing as the sector booms,” says Andreas Gennimatas, a partner in a company about to start producing cannabis products in Greece. “It’s like the internet in the late ‘90s”.
Greek law permits the sale, purchase and possession of cannabis seeds. It is legal to send them via the post too. At present, the use of cannabis seeds is restricted. For example, you are not legally permitted to germinate them, nor can you use them to grow plants.
Despite this, many Greek soldiers and refugees smoked cannabis regularly after World War I, but this decreased with the onset of the next World War.
- It is still illegal to use cannabis for recreational purposes in Greece. The law is traditionally fairly lenient if you are caught with a small amount for personal use but has the right to impose a prison sentence.
- Investments in hemp and medical cannabis have grown significantly since 2018. Most processing plants will be situated in northern Greece and the first is anticipated to open in April 2019.
- The Greek government see medical cannabis production as a chance to boost the economy and reduce unemployment. Just one site in Veroia is anticipated to generate 2,000 new jobs.
Here are a few statistics regarding cannabis in Greece:
The Communist Party took an even stronger stance in opposition to the decision. They called upon the government to withdraw the decision, claiming that it would open the gates to “murderous multinationals”.
If you are travelling to Greece (or currently live there), it is useful to know the following:
It is illegal to use, possess or sell cannabis in Greece. But, due to recent changes cannabis use for medical purposes is permitted. Learn all about the latest laws.
ATHENS – As Greece is issuing licenses for growing medical mairjuana, cannabis has the potential to help lift the country, and the European Union, with economic growth through production of the fabled weed.
While more than half of European consumers (56 percent) are aware of the alternative legal uses of cannabis, just 16 percent have tried products containing cannabis, according to a survey conducted by New Frontier Data, reported Kathimerini.
The survey showed 40 percent of people who tried cannabis products were seeking pain relief and 31 percent for stress reduction and 74 percent who tried those products said they had a positive impact on their lives.
It’s been mostly foreign companies looking to invest in the new business with seven units set up so far in central Macedonia, including four in the Kilkis prefecture, near the free-trade-type zone at the major port of Thessaloniki, the country’s second-largest city.
Some 58 percent of those who used cannabis products did so just in the last six months through legal means as it’s still unlawful for sale and distribution in most countries unless otherwise specified and controlled.
Prohibition Partners, a consultant on the international cannabis market, said the industry could become the biggest legal market in Europe in the next five years and bring a big boost in revenues otherwise going up in smoke.
(AP Photo/John Locher, File)
Combined with the availability of land need for the product’s the region is a prime spot for investors, the paper noted, with another point of export for future pharmaceutical cannabis products being the major port of Piraeus, one of the European Union’s busiest.
Keen interest in Greece’s now-legal medical marijuana business – with 26 licenses approved so far – will bring more than 100 million euros ($110.78 million) in capital investments over the next three years, likely to grow even more.
25/12/2019 – High Time for Marijuana to Make Mark in Greece, EU – – archive , greece , general news – The National Herald