Latin America Cannabis Industry & Marijuana Business News


Uruguay exports largest-ever shipment of high-THC flower, but buyer remains a mystery

A shipment of medical cannabis exported from Uruguay in late 2019 to Europe is raising eyebrows, both about the buyer’s identity and the cargo’s sheer size. The 1,000-kilogram (2,205-pound) shipment of high-THC cannabis flower was legally exported from Uruguay to Portugal late last year, according to Uruguayan customs documents viewed by Marijuana Business Daily.  By comparison, […]

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MJBizDaily webinar examines South American cannabis markets

The business opportunities in South America for cannabis companies are diverse, given that each country’s market is in a different state of development. To better under the market dynamics, Marijuana Business Daily’s international analyst, Alfredo Pascual, will lead an online conversation on May 12 examining business opportunities in the region’s most prominent markets: Brazil, Colombia and Uruguay. Pascual […]

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Quality requirements a challenge for companies seeking to register medical cannabis products in Brazil

Brazil had no pending applications to register medical marijuana products as of the end of April, an indication that companies might be struggling to meet new pharmaceutical-level requirements introduced last December. “So far, only one application for Sanitary Authorization has been received, and it was already published (approved) on April 22, 2020,” a spokesperson for National […]

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Week in Review: Federal cannabis aid, California social equity, Brazil medical marijuana & more

Marijuana lobbyists and a group of lawmakers are continuing their fight to include cannabis-related businesses in coronavirus relief packages. MJBizDaily takeaway: The marijuana industry is a significant contributor to state economies across the country. But because the plant is illegal federally, it remains an uphill fight to allow the businesses to be eligible for federal coronavirus […]

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Brazil approves first medical cannabis product under 2019 regulations

Brazil’s health authorities authorized the first medical cannabis product registered under rules created in December 2019, marking an important milestone for the industry in Latin America’s largest economy. The THC-free CBD product, registered to Brazilian pharmaceutical giant Prati-Donaduzzi, obtained “sanitary authorization” this week, according to a notice in the country’s official Gazette. The company declined interview requests […]

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Deal between Clever Leaves, Canopy could be template for other cannabis firms

The Latin American subsidiary of Ontario-based Canopy Growth inked a supply deal with Clever Leaves in Colombia, mere days after the Canadian cannabis company announced a major pullback of its international cultivation strategy. Canopy’s deal with Clever Leaves, an international medical cannabis company with its main operations in Colombia, could provide a template for other marijuana  firms looking to […]

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Supply issues still hinder Uruguay recreational cannabis market growth

Just under 4,000 kilograms (8,800 pounds) of recreational marijuana was sold via Uruguay’s pharmacies since the program was launched in July 2017, according to a recent report from the Institute for the Regulation and Control of Cannabis (IRCCA). Sales would have been higher had enough supply been available for registered consumers, according to the regulator’s […]

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Deadline to legalize marijuana in Mexico extended again

Mexico’s deadline to legalize cannabis has been extended to Dec. 15. The Supreme Court accepted a request from a group of Senators on Friday to postpone the April 30 deadline to approve a law to legalize cannabis nationwide. The bill is expected to be approved during the Senate’s next ordinary session period, which starts in September. […]

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Week in Review: Canopy Growth closes cannabis grows, COVID-19 reshaping MJ business models, MA rec shops take a hit & more

Canopy Growth’s new CEO said the once high-flying marijuana giant is shuttering additional cannabis cultivation facilities in Africa, Canada, Colombia and the United States. MJBizDaily takeaway: The Canadian company’s retrenchment offers lessons for other cannabis operators with overseas aspirations: There are few federally regulated markets outside Canada that are fully functional today. Most markets, including […]

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How Colombian medical cannabis producers are adapting to the COVID-19 pandemic

Medical cannabis producers the world over are scrambling to adapt to fast-evolving business and health implications from the novel coronavirus pandemic, with those in Colombia adapting stricter health and safety protocols. The country saw its first regulated sales of medical cannabis – a milestone amid otherwise turbulent times. According to the Ministry of Health, Colombia had 2,054 confirmed […]

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