Portugal, a country known for its rich history and scenic beauty, has recently added another feather to its cap by becoming a substantial contributor to the global medical cannabis industry. In the first half of the year 2023, Portugal’s export figures for cannabis touched an impressive 5,438 kilograms, showcasing the remarkable growth of this burgeoning industry in the country. This figure was conveyed in a report by MJBizDaily on November 6, 2023, which highlighted Portugal’s accomplishments in this domain. This significant rise in export numbers, from 4,850 kilograms in the previous year to now over 5,400 kilograms in the initial six months of 2023, has further solidified Portugal’s position in the global medical cannabis market. The country is advancing steadily on its path to surpass its own record of exporting a phenomenal 9,271 kilograms of medical cannabis in 2021. It is evident that Portugal’s medical cannabis industry is flourishing at a rapid pace, paving the way for a successful future. The robust growth of Portugal’s medical cannabis industry can be attributed to an array of contributing factors, each playing its own significant role. One of the central elements in this growth trajectory is Portugal’s favorable regulatory environment. The country was one of the pioneers in Europe to legalize the use of medical cannabis, thereby opening the doors for an entirely new industry brimming with potential. The Portuguese government has shown unwavering support for this sector since its inception, fostering its growth and nurturing its potential. Another factor catalyzing the growth of this industry in Portugal is the skilled workforce that the country boasts of. Portugal has a longstanding and proud tradition of horticulture, a skill that translates seamlessly into the cultivation of cannabis. Many Portuguese growers, well-versed in the art and science of horticulture, have been able to successfully adapt their skills to the cultivation of cannabis. This has resulted in a seamless and organic growth of the industry, backed by knowledge, experience, and adeptness in the field. This rich blend of government support, favorable regulations, and a skilled workforce has made Portugal a thriving hub for the medical cannabis industry. The country’s significant increase in exports in the first half of 2023 is a testament to its success in this arena. With its continued growth and the steady expansion of its international trade, Portugal’s contribution to the global medical cannabis market is set to reach new heights in the coming years.

• A lower cost of production: Portugal has a lower cost of living than many other European countries, which makes it a more attractive place to grow cannabis.

The growth of Portugal’s medical cannabis industry is having a positive impact on the country’s economy. The industry is creating jobs and generating tax revenue. It is also helping to put Portugal on the map as a leader in the global cannabis industry.

Here are some additional details about Portugal’s medical cannabis industry:

• There are currently over 100 licensed medical cannabis producers in Portugal.
• The Portuguese government has invested millions of euros in research and development of medical cannabis.
• Portugal is home to a number of world-leading medical cannabis research institutions.

The future of Portugal’s medical cannabis industry is bright. The country is well-positioned to continue to be a leader in the global market. The industry is expected to continue to grow in the coming years, creating jobs, generating tax revenue, and improving the lives of patients.

Portugal, a country known for its rich history and scenic beauty, has recently added another feather to its cap by becoming a substantial contributor to the global medical cannabis industry. In the first half of the year 2023, Portugal’s export figures for cannabis touched an impressive 5,438 kilograms, showcasing the remarkable growth of this burgeoning industry in the country. This figure was conveyed in a report by MJBizDaily on November 6, 2023, which highlighted Portugal’s accomplishments in this domain. This significant rise in export numbers, from 4,850 kilograms in the previous year to now over 5,400 kilograms in the initial six months of 2023, has further solidified Portugal’s position in the global medical cannabis market. The country is advancing steadily on its path to surpass its own record of exporting a phenomenal 9,271 kilograms of medical cannabis in 2021. It is evident that Portugal’s medical cannabis industry is flourishing at a rapid pace, paving the way for a successful future. The robust growth of Portugal’s medical cannabis industry can be attributed to an array of contributing factors, each playing its own significant role. One of the central elements in this growth trajectory is Portugal’s favorable regulatory environment. The country was one of the pioneers in Europe to legalize the use of medical cannabis, thereby opening the doors for an entirely new industry brimming with potential. The Portuguese government has shown unwavering support for this sector since its inception, fostering its growth and nurturing its potential. Another factor catalyzing the growth of this industry in Portugal is the skilled workforce that the country boasts of. Portugal has a longstanding and proud tradition of horticulture, a skill that translates seamlessly into the cultivation of cannabis. Many Portuguese growers, well-versed in the art and science of horticulture, have been able to successfully adapt their skills to the cultivation of cannabis. This has resulted in a seamless and organic growth of the industry, backed by knowledge, experience, and adeptness in the field. This rich blend of government support, favorable regulations, and a skilled workforce has made Portugal a thriving hub for the medical cannabis industry. The country’s significant increase in exports in the first half of 2023 is a testament to its success in this arena. With its continued growth and the steady expansion of its international trade, Portugal’s contribution to the global medical cannabis market is set to reach new heights in the coming years.