Portugal is gearing up to become a medical marijuana production powerhouse serving growing European markets.
But as access to capital tightens in the global cannabis industry, companies wanting to set up operations in Portugal could have challenges to secure the necessary funds for their ambitious plans.
Only a handful of firms are currently fully operational and licensed to grow cannabis in Portugal. Most are in the process of obtaining a license.
According to companies operating there, Portugal enjoys some of the lowest production costs in the world thanks in part to its temperate climate and natural light conditions.
Recently, the largest European shipment of medical cannabis within Europe took place from Portugal to Germany.