International Marijuana Business News – Latin America
Amid declining medical cannabis sales in Canada’s domestic market and cutthroat competition in the adult-use industry, some licensed producers are increasingly looking to overseas markets for a financial lifeline.
International medical cannabis company Clever Leaves Holdings has consolidated its Nasdaq-listed shares on a 30-to-1 basis to keep its listing on the U.S. stock exchange.
In the face of slumping cannabis stock prices, publicly traded Canadian marijuana producers and U.S. ancillary companies are increasingly turning to share consolidations to maintain their listings on the Nasdaq exchange.
The government of Costa Rica issued the first business license to cultivate and process marijuana for medical purposes to Azul Wellness S.A.
Canadian producer Heritage Cannabis has been approved to import a medical CBD product into Brazil.
Argentina’s government is laying the groundwork to establish a domestic industry of regulated medical cannabis sales while eyeing the international market.
Colombia’s cannabis exports were on pace to nearly double last year, as the South American country aims to meet demand in the small but growing international import market.
