Ten medical cannabis licenses in GreeceJune 21, 2019
Medical Cannabis News
The medical cannabis licenses in Greece
Twenty-five installation licenses
A new dynamic business opportunity, the growth & processing of pharmaceutical cannabis, comes into the "quiver" of the Greek economy, injecting a capital of € 359 million in less than year and creating 2,247 new jobs in rural areas despite the initial concerns and even ironic statements in social media. Worth stating that Greece has one οf the most thorough legislative frame across the globe, fully supporting the development of vertical integrated facilities for relevant business.
The world regulatory status for pharmaceutical (medical) cannabis is transforming and Europe is expected to be the world’s largest market and worth up to € 123 billion by year 2028. According to the records published by the Greek Ministries of Industry, Economy and Development, Greece follows this trend and presents a great opportunity for relevant investments since 71 applications have been submitted so far, twenty-five licenses granted and this number keeps going up.
Costas Vamvakas the managing director of VK PREMIUM Consulting group, a team who provided high expertise to these companies in getting their license, explains that Greece is a hot destination for this business due to the high technical expertise available in the country, low land cost and excellent weather conditions which supports the plant growth at low energy consumption levels apart from the favorable legislative regime.
VK Medical Cannabis have the experience in preparing business plans and application packages for state licenses in the medical cannabis industry.
Specifically, VK Medical Cannabis provides:
- Expert advice on regularity, policy, licensing issues,
- Land search and evaluation,
- Support, preparation and submission of the applications and all the requirements throughout the authorization process,
- Necessary updates during authorization process,
- Guidance on any changes – amendments needed to the applications submitted,
- Investment deployment,
- All mediation services with government and local authorities.
Are you interested in medical cannabis investment in Greece?
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VK Medical Cannabis is a boutique consulting firm offers offering expert services to companies that aim to invest in the medical cannabis cultivation and processing.
Through its vast knowhow, experience and network, it facilitates the timely and successful implementation of investment schemes. Constant effort, consistency and quality service have positioned our firm among the top consultancy agencies in Greece.