Malta Enterprise has approved five projects related to the production of medical cannabis with a total investment of €30 million, the Ministry of Economic Affairs said on Monday.
Three of the projects are Canadian while the others are Australian and Israeli, and will create a total of 185 new jobs.
Minister Chris Cardona said the legislation was continuing to draw strong interest from investors and other applications for investment in Malta were being considered.
Malta has officially legalised medical cannabis and has applied to import 15 kilos of cannabis for medical purposes.
The law will allow family doctors to prescribe medical cannabis to patients, who will be able to access non-smoking forms of medicine at pharmacies with a doctor's prescription after a control card has been approved by the Superintendent of Public Health.
So far, three conditions are eligible to be treated by medicinal cannabis: chronic pain, spasticity in multiple sclerosis and side effects of chemotherapy.
