U.S. company planting Cannabis in Romania & Sells it in U.S.

last year

PHI Group, a Las Vegas based company, will invest in my country, Romania in a project of a medical cannabis culture destined for the US market. The plantation will be in Transylvania and would earn 150 million dollars in 2019.

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Medicinal marijuana is legal in our country, but there is no cannabis based medicine on the Romanian market, nor is there any request for marketing such a product. See a more detailed post about that.

Unfortunately for me and for my country, Romania, all the cannabis produced here, will be sold in U.S. where the market has exploded and you all know that.

In Europe, only Spain, Netherlands, Slovenia or Portugal are states that tolerate consumption and cultivation within a limited number of plants.

Romania, together with Norway, Polona or Turkey, comes under the heading "It is legal only for medical purposes". But it is illegal to cultivate. What a joke!

source

PHI Group will not only plant cannabis but will build an industrial park in Transylvania, a green house for organic farming and medicinal plants, creating a joint venture with a Romanian company.

PHI Group was established in Las Vegas, Nevada, in 1982. The Fund invests primarily in agricultural, energy and natural assets, also providing merger and acquisition consultancy services through its PHI Capital Holdings subsidiary.

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References:
PHI Group, Profit.ro, Pixabay.com.

Until next time, please let me know if you ever visited Romania. If not, come here and get high in the Carpathian Garden.

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Thanks for reading, @jwolf.

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So the corps can grow as much as they want yet the populace cannot even grow one tree for themselves? ... Aaaarg

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Exactly, how the hell is that? I hate this country from the bottom of my heart.

Only corruption and stupid laws.

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Corruption sucks.. It just takes a few tho to see that they can make more from taxes on cannabis and cannabis-derived products than any back hand deals.

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Maybe in the next 100 years they will approve it but just for more money and not because they realise it's benefic for everyone.

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It's almost always about the money (Capitalism and all... )

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Yes that is..
The truth here in Romania is so ugly..
They get rich and we can not find or grow it..

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One day my friend.

hmmm.. seems like they have this smart technique and olans to do that
Good day to you dear 👌

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Enjoy your day! They are smart for sure!

Ho Man. I'm still looking on how and where to grow legaly in EU. That news is brillant as my gf is from Romania and we were planning on moving back. Although with all the latest corruption cases created by PSD (mue psd), I wouldnt feel to safe to move there and create a new business as the political environement is not stable at all. But hey, next time I go to Bucharest we could meet :)

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I DON'T RECOMMEND you to start a business in Romania...in any field. Romania it's cool just to visit it, one week or two, not more! Of course we can meet!

Cheers!