Cyprus Cabinet Green Lights Medicinal Cannabis
The Cabinet approved a bill legalising the cultivation and commercial exploitation of medicinal cannabis in Cyprus during Wednesday’s Cabinet meeting.
The announcement was made by Health Minister George Pamboridis to reporters outside the Presidential Palace.
“The aim and purpose are to attract international investors to express interest in the two licenses that will be given for the cultivation of medical cannabis,” said Pamboridis.
The decision is also expected to attract international investments and investment in human resources in the field of research and the development of the pharmaceutical industry in Cyprus.
“I think this is an innovative bill,” said the Minister.
“I hope it will receive a welcoming reception by the Parliament and we will soon have the legal framework required to attract this important investment in the country,” he added.
Pamboridis explained that foreign investment in the field was necessary for the relevant know-how, expertise, science and funding was...
