An Israeli company has been given the green light to set up cannabis cultivation facilities in a farming community outside Corinth.

Tikun Olam’s Greek affiliate was given the official go-ahead to set up facilities for cultivating, processing and marketing industrial and pharmaceutical cannabis in an area called Examilia, outside of Corinth.

According to the government release via its daily Gazette, Tikun Olam secured a five-year license for a factory plant in an area of approximately 4.02 hectares. 

The company is investing €9 million and is currently installing the manufacturing plant’s mechanical equipment.

The Israeli-based company will begin production as soon as the National Organization for Medicines (EOF) issues its production and distribution licence.

According to the company’s site, Tikun Olam Ltd. “is the first, largest and foremost supplier of medical cannabis in Israel, and globally recognized as the pioneer of modern medical cannabis.”