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Georgia Finance Minister Predicts GEL 1 Billion Profit From Marijuana Export

Ivane Machavariani noted that Georgia could be a “significant player on this market,” as it is connected to new technologies.


Georgia’s Finance Minister, Ivane Machavariani, has said that if the government implements the marijuana cultivation reform for export purposes, in the near future Georgia can expect to see at least GEL 1 billion in profit.

The Minister made the statement during an interview with Imedi TV, noting that Georgia could be a “significant player on this market,” as it is connected to new technologies.

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“From year to year, the production of cannabis is growing rapidly and according to various forecasts, in 2024-2025, it will reach around $25 billion,” he said.

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