Latin America Cannabis Industry & Marijuana Business News

Paraguay issues details covering application process for cannabis business permits, with established labs gaining an edge

Paraguay issued detailed guidelines governing the business licensing system for its new medical cannabis program, including the application process for companies hoping to secure a production license. A speedy application timeline – applications must be filed this month – suggests that authorized pharmaceutical laboratories will have an inside edge in winning a production permit. The […]

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$400M invested in Colombia cannabis industry, official tells Latin American Cannabis Symposium

Over $400 million has been invested in Colombian medical cannabis so far, and the country is in the early innings of an industry with massive potential, a Colombian government official said Monday. Juliana Villegas Restrepo – vice president of exports at ProColombia, a government agency in charge of promoting Colombian non-traditional exports – told MJBizCon’s inaugural […]

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Latin American Cannabis Symposium kicks off, focusing on region’s business opportunities and growth prospects

MJBizCon’s inaugural Latin American Cannabis Symposium kicks off in Bogotá on Monday at a time when expectations are high that this region will emerge as a low-cost marijuana cultivation juggernaut. More than 500 marijuana industry entrepreneurs, investors and executives from 20 countries are attending the two-day conference at the Grand Hyatt Bogotá. In addition from Latin […]

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Uruguay’s hemp exports could start next year: Q&A with Sergio Vazquez of the agriculture ministry

Editor’s note: Sergio Vazquez will appear at the MJBizDaily Latin American Cannabis Symposium, Sept. 30-Oct. 1, in Bogota, Colombia.) Uruguay could see the start of an export stream for hemp as early as 2020, after a period of testing has been completed, marking a milestone for Latin American hemp industry. That’s according to Sergio Vazquez, head of […]

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Ecuador moves closer to legalize medical cannabis and hemp

Ecuador is one of the few South American countries that still has not legalized medical cannabis nor hemp, but that could change soon. This week, the country’s Congress approved a major reform of the Organic Integral Criminal Code. If given the green light by the executive branch – which has the authority to veto proposed […]

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Mexico has over a month to legalize recreational cannabis, with 10 proposed laws in the mix

With a court-ordered deadline to legalize recreational cannabis in Mexico approaching next month, parliamentarians have no fewer than 10 proposed laws to scrutinize. It is anyone’s guess which one will come out on top. But the clock is ticking, with lawmakers facing a little more than a month to pass legalization legislation. Mexico would become […]

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Paraguay to open application process for medical cannabis production licenses in October

Paraguay plans to open up the application process next month for businesses seeking to secure a production license for the country’s new medical cannabis industry. The nation’s health minister, Julio Mazzoleni, announced during a press conference on Thursday the approval of a resolution establishing the guidelines to apply for the first commercial production licenses. Five vertically integrated […]

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As Brazil prepares for major changes, authorizations to import medical cannabis surpass 10,000

The number of total authorizations granted to individual Brazilian patients to import medical cannabis since the program launched in 2014 surpassed 10,000 at the end of June 2019, according to data that the country’s health-care regulator shared directly with Marijuana Business Daily. Upon obtaining an authorization, Brazilian patients can import a maximum quantity of medical cannabis on a […]

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Barbados procuring medical cannabis for first imports in April

The Barbados Drug Service is inviting companies to submit applications to supply the nation with approved medical cannabinoid products starting April 2020 and lasting through March 31, 2022. The requested products are not legally available in the eastern Caribbean nation at this time. Separately, a bill was introduced in the country’s parliament this week to […]

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