In 2018 medical cannabis was legalised in Malta, making possible the cultivation, importation and processing for medicinal purposes, as long as it adheres to all regulatory requirements. All the regulations are comprehended in the Drug Dependence Act and the Production of Cannabis for Medicinal and Research Purposes Act. The responsibility of the regulation is under the Medicine Authority, which also audits the licensee at each and every phase of production. In March 2019 the benefits of cannabis in treating a number of ailments were also recognized by the World Health Organization.
To carry out the mentioned activities in Malta all the necessary approvals, authorisations and licences are required. The first step is to apply for a letter of intent with Malta Enterprise and subsequently apply for a license from the Medicines Authority.
RSM offers a one-stop-shop to prospective promoters, in particular guidance, legal and financial advice during the whole process: from setting up a company in Malta, preparing the application form and compiling all the necessary documentation needed to submit a letter of intent to Malta Enterprise. It also asses the clients with the financial projections and monitors all changes in the regulations and ensures that they are implemented correctly. Other services provided include:
- Letter of Intent
- Company Incorporation
- Tax advice
- Advisory services
- Mergers and Acquisitions
- Audit and Accounting