A legislative proposal paving the way for medical cannabis in Cyprus has been sent to parliament to be discussed by MPs.
Back in July, the Cabinet approved a bill legalising the cultivation and commercial exploitation of medicinal cannabis in Cyprus.
The announcement was made by Health Minister George Pamboridis.
“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.
- Cyprus cabinet green lights medicinal cannabis
- Cyprus begins to distribute medical cannabis
- British MP urges people to use cannabis on Parliament grounds (VIDEO)
Although some countries in Europe and further afield have already legalised medicinal cannabis, the Minister believes that Cyprus, due to the favourable climatic conditions on the island can be a pioneer in the field of medicinal cannabis.
Noting that the field of medicinal cannabis is relatively new and a ’novel’ sector, the government hopes to attract new business ventures and new researchers who will come to Cyprus to take advantage of the fact that the cultivation and commercial exploitation of medical cannabis is legal, “in order to engage in research projects that our country needs.”
Pamboridis did, however, point out that no preliminary investigations were conducted to determine whether there would be interest from foreign investors in medical cannabis research and cultivation on the island.