Marijuana Cyprus
Marijuana CyprusMarijuana Cyprus
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Marijuana Cyprus
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Marijuana Cyprus
In February , the Cypriot Parliament approved and passed the amendment to the Drugs and Psychotropic Substances law of , and implemented the Drugs and Psychotropic Substances Regulations of , thereafter coming into force on the 6th of March These amendments essentially legalise the cultivation and production of cannabis for medical purposes. The said Regulations aim at managing the import and export of medical cannabis, regulating the licensing of research and development of cannabis in medicine, and providing a framework for its production, sale and supply. Undoubtedly, this step not only brings Cyprus to the forefront of research and development in the field of medical cannabis at European Union level, as it is one of the few Member States to have taken such large strides in the subject, but also provides an excellent opportunity for bringing in further investment in pharmaceutical research and development on the island under an already favourable investment climate. In fact, as the subject still remains largely unregulated at EU level, despite the call by the European Parliament to regulate the subject last February, Cyprus is already a step ahead of many of its fellow Member States. Cyprus stands out as a location for the cultivation of cannabis due to the warm and humid climate and the long periods of sunshine that favour the island, allowing for excellent environmental conditions for the growth of good-quality cannabis. Finally, the favourable foreign investment conditions in Cyprus in general, and the proactive encouragement of foreign direct investment in Cyprus by the Cypriot government, coupled with a favourable corporate tax system and well-established legal and regulatory framework, undoubtedly make Cyprus an interesting opportunity for those already involved in the production, sale and supply of such products on the global markets. In addition to legalising the imports and exports of cannabis and by-product substances, the Regulations also permit the cultivation, possession and use of these products, strictly for medical and medicinal purposes, thus enlisting cannabis as a regulated legal drug. This is made possible through a strict system that the Regulations set up, which allow for three licensed producers to be able to engage in the aforementioned activities related to medical cannabis, as set out by the Regulations and include its production, cultivation, sale and supply. It must firstly be noted that the current Regulations allow for the possibility of three such licences to be issued by the Ministry of Health. These licences shall be granted following a public call for expression of interest to three natural or legal persons chosen by a Coordinating Committee to be set up by the Council of Ministers. The elements that the Coordinating Committee shall take into account while considering the prospective candidates will include having sufficient funding to carry out the relevant activities, having adequate experience, a well-defined business plan and having a suitable security plan for the premises. For further information regarding the application process and relevant fees, please do not hesitate to contact us. Для бесплатной первой консультации свяжитесь с нами по info www. Licensed service provider of the Cyprus Investment Programme. Legal law firm. The logo, mark and trade names depicted on this website belong to the law firm Stelios A. Кипрский лекарственный каннабис. Providing new opportunities for investment in Cyprus Введение In February , the Cypriot Parliament approved and passed the amendment to the Drugs and Psychotropic Substances law of , and implemented the Drugs and Psychotropic Substances Regulations of , thereafter coming into force on the 6th of March What makes Cyprus stand out? What do the Regulations envision? Who is allowed to apply for a licence? How to apply for a licence? Author: Leoni Ayoub Для бесплатной первой консультации свяжитесь с нами по info www. Related Posts. Division of Matrimonial Property under Cyprus Law According to Cyprus law the property that a couple obtained during the marriage or before the marriage but in contemplation Важные ссылки.
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Marijuana Cyprus
Marijuana Cyprus
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Marijuana Cyprus
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Марихуана на Кипре: Новый Уровень Вдохновения. Marijuana in Cyprus: A New Level of Inspiration.
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Marijuana Cyprus