Cyprus, an island nation near Greece, has legalized cannabis for medical use. The island nation’s cabinet on Wednesday approved a bill allowing the cultivation and sale of medical cannabis in the Republic.

Health Minister Giorgos Pamborides said that the aim of the bill was to attract international investors to the two lisenses which would authorize cultivation of medical cannabis.

The aim is to attract start-ups and business opportunities allowing researchers to exploit the legal cultivation and become active in research programs.  

The Canada-based company, Tilray, announced its cannabis products have been cleared for distribution and will work with the health ministry to bring product to pharmacies and healthcare facilities throughout Cyprus.

Details on the law such as qualifying conditions and lisence time frames were not immediately available from the health ministry.