Greece's Legalization of Marijuana Expected to Bring Billions

Following a bill that plans the legalization of medical marijuana in Greece, reports surfaced of a potential €1 billion investments for the new industry.

Due to the country’s warm climate, Greece would be a good spot for growing the drug. Several Canadian marijuana companies have expressed interest in spreading their business. Aphria, a medical marijuana producer based in Ontario is reportedly planning on getting a 5,000-hectare property in Greece.

Another company by the name of Golden Greece Cannabis is ready to establishing weed crops near Thessaloniki. The operation is expected to grow into a factory for marijuana. GGC is reportedly ready to spend €400 million in their new business and then growing to €1 billion.

While Greece legalized medical marijuana, the drug is still illegal for recreational use. Nevertheless, the new industry will certainly attract investment and create thousands of jobs. Since Greece’s economy suffered a great blow in the recent economic climate, the country has to turn to alternative forms of stimulating business growth.

Meanwhile, Bulgarian marijuana users are planning a protest for the legalization of weed.

Alex Dimchev

Alex Dimchev is a writer, editor, and weapons master for

Comments (0)

Like Our Page on Facebook

Like our page to make sure you see all of our NEW articles!

Click to

Sign Up For Our Newsletter

Subscribe and stay informed about all important events!