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Increasing numbers of medical cannabis cultivators are being attracted to North Macedonia. But what is it that makes the Balkan state so attractive? Jane Hall reports. The former footballers are already successful cannabis growers in the United States and headed for NMK after Kovacevic pitched the idea to them of investing in the republic. According to Kovacevic, an as yet unnamed location has already been earmarked for a state-of-the-art growing facility with construction scheduled to begin in the autumn. In June this year NYSK became the first company to obtain a licence to export dried cannabis flowers, which was needed for it to start distribution to Poland, where its parent company, PHCann International, is headquartered. In July the NMK government endorsed a draft law on the control of narcotic drugs and psychotropic substances, which regulates the export of dried cannabis flowers in line with EU rules. Now it can take place in accordance with international conventions and EU legislation. O — as it looks to open up new avenues and make its market presence felt. He says moving into NMK was a conscious decision — and not just because of its status as one of the few places with the legal right to grow and export medical cannabis. With cost-effective land, labour, electricity and water, North Macedonia is a prime location for a cannabis boom. This does not only grant North Macedonia an advantage in positioning itself in the market but enables companies flocking to the country to enjoy the business potential. The goal in the next 12 months is to move to supplying medical grade cannabis into the German market and other EU countries. Panacea Farm already has four greenhouses that were awarded GACP accreditation in April and received a GACP extension certificate in November last year, allowing the business to cultivate and harvest GACP-compliant product which can be sold into any jurisdiction permitting the import of medical cannabis. Compare it to the UK where it is a lot harder to get things off the ground. Prime Minister Zaev — who supports legalisation — believes cannabis can play a major part in bringing hard currency into NMK, helping turn around the economic fortunes of a country where nearly a third of citizens are poor. Its wealth is currently built on textiles and clothing, agriculture, food processing, ICT, automotive parts, pharmaceuticals, wine, and a slowly growing tourism sector mainly based around the lakeside town of Ohrid, which enjoys UNESCO World Heritage Site status. But with EU membership unlikely to be approved until after , the NMK government has been desperate to find alternative ways to boost its national wealth long-term. There are other attractions. Once people visit and see what a beautiful area it is and a nice environment it is to work in, it is genuinely very appealing. The place is beautiful and the people are warm and welcoming. The biggest thing we are going to have to overcome is the stigma attached to us being in Macedonia. All we can do is try and mitigate that. The cultivation of cannabis for medicinal purposes has been permitted by law in North Macedonia since The legislation was introduced through amendments to the existing law on the control of narcotic drugs and psychotropic substances. Only licensed cannabis cultivators are allowed to grow and sell cannabis oil or finished products. Recreational cannabis is still prohibited, with those found in possession of even the smallest amount liable to prosecution and even imprisonment. Permits for cannabis cultivation and the production of hemp extracts, are issued by the Ministry of Health only with prior consent from the NMK government. Hemp cultivated in NMK can only be processed in the country from a legal entity that has a license for the production of cannabis extracts. Exports licences are granted and cover food below 0. Further innovations introduced in the summer now also allow the export of dry flower obtained by cultivating cannabis for medical purposes. This permits cannabis cultivating enterprises to place their manufactured quantities of a dry herbal product on the European markets and beyond while complying with international UN conventions and EU legislation. As one of the few countries globally that allows the export of dry cannabis flower it puts NMK in a unique position. Due to the rapidly increasing prices of dry cannabis flower and oil on the global market, there is expected to be major interest going forward in investing in North Macedonia. It can be a lengthy — and expensive — process obtaining a cannabis cultivation licence, however. Companies looking to set up cannabis cultivation operations in the country have to meet a number of stringent conditions. Cultivation companies are also obliged before sowing or planting to submit an application for approval to the Ministry of Agriculture, Forestry and Water Economy. Once cultivation is complete, the total dried weight obtained must also be reported to the Ministry of Agriculture, Forestry and Water Economy as well as the Agency for Medicinal Products and Medical Devices. From October 17, the majority of doctors in Germany will be able to prescribe medical cannabis for reimbursement without securing Voyager Life Voyager Life, which recently rebranded as Mendell Helium, has announced the sale of its cannabis-facing business after Researchers say they are working to get two long-awaited NHS clinical trials underway to investigate the role of cannabis-based medicines AS the Czech government prepares to unveil its proposals for an adult-use cannabis market it faces one major remaining obstacle, IN a major break from the European era of prohibition both Germany and Czechia are set to legalise the use Initially due for release After plus years of negativity and prohibition the tide has turned for hemp at the highest levels of global governance, EU NA. Contact Advertise Contact Advertise. BofC Awards. Stay informed about the latest trends and developments in the CBD industry with Business of Cannabis. Discover new products, industry insights, and more. Explore the latest developments in the hemp industry with Business of Cannabis. Find out about new products, regulations, and more. Medical Cannabis. Stay up-to-date on the latest medical cannabis research, news, and information with Business of Cannabis. Learn about new treatments, laws, and more. Learn about the latest developments in the pharmaceutical cannabis industry with Business of Cannabis. Discover new drugs, research, and more. Stay informed about the latest cannabis regulation developments and changes with Business of Cannabis. Learn about new laws, policies and more. Stay informed about upcoming cannabis events and conferences with Business of Cannabis. Learn about new products, industry insights, and more. BofC Zurich. BofC Awards BofC Berlin. BofC New York. Press releases. Learn about new products, industry news and more from top companies. Stay informed about the latest developments and trends in the cannabis stock market with Business of Cannabis. Discover new investment opportunities, market analysis, and more in our stocks category. Stay informed about the latest developments and news from cannabis companies with Business of Cannabis. Learn about new products, mergers and acquisitions, and more. Search Close this search box. Home Business of Cannabis Europe. October 21, Share on Facebook Share on Twitter. Attractive Government Support The former footballers are already successful cannabis growers in the United States and headed for NMK after Kovacevic pitched the idea to them of investing in the republic. Mitesh Makwana He says moving into NMK was a conscious decision — and not just because of its status as one of the few places with the legal right to grow and export medical cannabis. They include: Providing adequate premises, areas or land for cultivating, drying and storing, and being properly equipped to cultivate and process. The space to be protected with a fence of at least four metres in height, with razor wire in front coiled in three rows and barbed wired above the paling. The cultivator to employ at least four people. Main image: Skopje, capital of North Macedonia. Jane Hall. Related Posts. Business of Cannabis Europe. October 18, October 17, October 16, Recent Posts. August 7, June 1, March 14, Subscribe to our mailing list to receives daily updates! Browse by Tags. The trusted global news source for cannabis. North America. 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Legal marijuana: Is Skopje set to become a Balkan Amsterdam?

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