Company invests 12 million for the production of medicinal cannabis in Figueiró dos Vinhos

Medicinal Cannabis production

The Hoshi Internacional group is building an industrial unit for the planting of medicinal cannabis and an extraction factory in the municipality of Figueiró dos Vinhos, in an investment of over 12 million euros.

The group explained on Friday, the 10th, that the unit will occupy approximately 50 thousand square meters, accommodating up to 15 thousand square meters of high-tech greenhouse, a processing unit of five thousand square meters and an area for outdoor cultivation free.

Anticipating “the hiring of dozens of people with the necessary skills, as well as the training of people in the local community who already have agricultural experience”, the group ensures that “there will, of course, be employment opportunities available in a number of areas”.

Operations will start in April 2022 and, although the production capacity of the future unit is significant, it will increase as the market grows in demand for dried flowers, oil or derivatives for cosmetics, so, at this time, "it is very difficult” to estimate quantities.

The group justifies the choice of that municipality in the north of the Leiria district with the climatic conditions, abundant land and water that make the municipality “an ideal place for the cultivation of cannabis”, also noting the support of the Chamber of Figueiró dos Vinhos, as well as of the local population.

Hoshi International was created in 2018 in Canada. “It is a medical cannabis company focused exclusively on the European market”, he explains, adding that it was founded by entrepreneurs with experience in the cannabis industry who are pioneers in the industry in Canada, “the first country in the G7 [group of the most industrialized countries in the world ] to legalize cannabis around the world”.

Asked why the focus is on Europe, the group maintains that this continent "is destined to be the world's largest market for medicinal cannabis."

Information by Portugal resident

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