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How to Attack Greece’s Persistent Unemployment? Grow Some Weed

  • Tsipras government’s medical cannabis bill due by end of month
  • One cultivation project in the north could create 2,000 jobs
A Swiss Startup Is Pumping Out Legal Hashish
Photographer: Stefan Wermuth/Bloomberg

The Greek economy has been hammered by 10 years of financial crisis, with unemployment topping 20 percent every year since 2012. Now, the government thinks pot growers can help.

A project to cultivate, process and export medical marijuana in Veroia, in the fertile north of the country, shows how Greece sees cannabis as a possible growth industry for the country, which has a warm, dry climate similar to California. New legislation could make the plan a reality as soon as next summer.