Medical Cannabis investments in Greece
Business Opportunities in Medical Cannabis investments in Greece
March 10, 2020
VK PREMIUM
Pharmaceutical Quality Assurance & Regulatory Affairs Consultant (code: QA-MAR20)
March 19, 2020
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How long it takes to receive Installation License & start building a Medical Cannabis facility?

How long it takes to receive the Installation License and start building a Medical Cannabis facility in Greece

“How long it takes to receive the Installation License and start building a Medical Cannabis facility” is This the first and most frequent question by far coming from almost all newcomers in Medical Cannabis business in Greece.

The answer can be either straight forward in terms of months, the plain truth though is that it depends on a variety of factors.

Let’s take it a step further and see a set of three major factors affecting the period needed to get the Installation License for a Medical Cannabis facility in Greece:

  1. Existence of a high-level fast track strategy to determine the variety and quantity of products as well as expansion plans, if the investment is deployed gradually.
  2. Selection of a land plot, suitable for Medical Cannabis production, meeting the legislative & operational requirements and possible expansion plans. This selection decision is one of the most crucial factors for the success of the investment. We have seen cases where investments either winded down or slowed down as a result of failing in the appropriate land plot selection.
  3. Correct completion of the application for a Medical Cannabis Installation License prior its submission to the competent Greek authorities. This application needs to include all the necessary information with the proper balance of details. This eliminates the risk of pending loops after application submission which may drag out the progress of its evaluation by the competent authorities.

Of course, there are also other factors which may affect the period to receive the Installation License and start building a Medical Cannabis facility, outside the sphere of investor’s control such as seasonality, i.e. the quickness of evaluation of Competent authorities during summer holidays.

Conclusively, the key to success to move fast and receive the Installation License at the shortest period of time, is the selection of a trustworthy Consulting Company for Medical Cannabis facilities in Greece with the experience to guide the investor in intelligent strategies and choices throughout this process.

The 2nd crucial cornerstone in this investment journey, once the Installation License is submitted to the Competent Authorities, is this trustworthy Consulting Company to have the Project Management expertise and high skills to deploy the investment smoothly and timely, as to sell the products at the shortest period of time.

 

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