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Posted by portugalpress on July 10, 2018

A month since the landmark parliamentary vote in favour of legalising cannabis for medicinal purposes (click here), President Marcelo Rebelo de Sousa has given the new law his official seal, warning nonetheless that if it implies extra (unplanned) costs in the 2019 State Budget, it will run the risk of being deemed unconstitutional. Portugal has thus joined a list of “forward thinking” countries in this regard, including Canada and Australia.

Back in December, ionline reported that the government had “already received two proposals from world-class companies keen to start cannabis production for medicinal purposes in Portugal”.

The Canadian and Israeli manufacturers were both purportedly seeking to “create cultivation units, and even a factory in which to transform and purify the plant”.

The bids at the time were being handled by AICEP (Portugal’s agency for investment and external commerce) and medication authority Infarmed, which supplied ionline with its information.

The paper explained that for now, the only company cultivating cannabis in Portugal is Montijo-based firm Terra Verde, which set up on land in Évora in 2014. Part of Britain’s Gw Pharmaceuticals, a global leader in prescription cannabinoid medicines, Terra Verde is licensed to plant over 8.75 hectares of land, with the provision, said ionline, for a harvest of 21 tons.

natasha.donn@algarveresident.com

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