Production and export of cannabis for medicinal purposes breaks record!

Since 2016, almost 16 thousand kilos of the plant produced in Portugal have been sold to other countries.”

The production and export of cannabis for medicinal purposes in Portugal has grown exponentially in recent years. According to recent news, since 2016, almost 16 thousand kilos of the plant produced in Portugal have been sold to other countries. This record growth places Portugal at the forefront of the medical cannabis industry in Europe.

News Analysis:

• Increased demand: The growing demand for medicinal cannabis around the world, driven by growing awareness of its therapeutic benefits, has driven the growth of the industry in Portugal.
• Portugal as a leader: Portugal was one of the first countries in Europe to legalize the production and sale of cannabis for medicinal purposes, in 2018. This pioneering legislation, combined with a favorable climate and a conducive regulatory environment, has made Portugal an attractive destination for companies in the sector.
• Economic benefits: The growth of the medical cannabis industry in Portugal has generated several economic benefits, including the creation of new jobs, increased investment and the diversification of the economy.
• Challenges: Despite positive growth, the medicinal cannabis industry in Portugal still faces some challenges, such as the need for more scientific research, market regulation and the demystification of the social stigma associated with the plant.

The record production and export of cannabis for medicinal purposes in Portugal is an indicator of the industry's potential and the leadership position that the country occupies in this growing market. The sustainable development of this industry can bring several economic and social benefits to Portugal, consolidating the country as a hub for medicinal cannabis in Europe.

Sources:

- https://observador.pt/2022/10/24/portugal-bate-recordes-desde-2016-na-exportacao-de-canabis-medicinal/#:~:text=Portugal%20atingiu%20recordes%20no%20n %C3%BAmero,authoridade%20do%20medicamento%20em%20Portugal .