Latin America Cannabis Industry & Marijuana Business News

European Commission proposes unified EU vote on WHO cannabis scheduling recommendations

In advance of the March session of the United Nations Commission on Narcotic Drugs (CND), the European Union’s executive branch has proposed that EU member nations vote in favor of three of the six World Health Organization (WHO) cannabis scheduling recommendations. The European Commission “Proposal for a Council Decision” is meaningful because – if adopted by […]

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Avicanna signs medical cannabis supply deal with Canada’s Shoppers Drug Mart

Toronto-based Avicanna – which has cultivation operations in Colombia – on Friday announced an agreement with Shoppers Drug Mart to supply Canada’s largest pharmacy chain with medical cannabis. However, the products – at least initially – won’t be shipped from Colombia. Avicanna will have one or more Canadian producers manufacture them, which will then be sold online […]

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New medical cannabis sales opportunities in Peru face downward price pressure after winning company’s very low bid

The price offered by the winner of the first bidding process to supply medical cannabis in Peru came in well below that of other applicants, setting a precedent for the market’s future and possibly limiting the revenue opportunities for other suppliers. According to government documentation obtained by Marijuana Business Daily, Oregon-based Anden Naturals won the government’s supply […]

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As Brazil readies new cannabis regulatory framework, individual imports still growing strong

The cumulative number of authorizations for individual patients in Brazil to import nonregistered medical cannabis products exceeded 13,000 at the end of September 2019, according to data the country’s health regulator shared with Marijuana Business Daily. The data shows growing demand despite the current restrictive program that allows only individual imports. With rules set to change in […]

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Top 10 global cannabis stories of 2019: WHO backs rescheduling, Linton out at Canopy, Canadian firms eye US & more

Cannabis markets in Canada and elsewhere in the world went on a roller-coaster ride in 2019, as irrational expectations gave way to more realistic market assessments. Global medical marijuana markets, corporations and top executives experienced breakthroughs and setbacks this past year. That’s the gist of the 10 most widely read business stories carried by Marijuana Business Daily […]

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Peru issues key cannabis regulations, effectively launching nation’s medical marijuana program

Peruvian authorities have published long-awaited guidelines governing the nation’s medical marijuana program, allowing companies to start applying for different types of business licenses spelled out under a 2017 law. The new regulations mark the effective launch of Peru’s medical cannabis industry and create business opportunities for companies to produce medicine domestically and import products from […]

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Brazilian court decision could encourage other cannabis companies to seek approval for cultivation

After Brazil’s health authority shelved a proposal on domestic cannabis cultivation this week, a court decided in the opposite direction, allowing – for the first time in Brazil – a company to grow hemp commercially. The court’s decision could spur other cannabis companies to appeal to the judicial system for permission to cultivate domestically. The […]

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Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more

Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of […]

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Brazil’s new medical cannabis rules reject domestic cultivation, potentially setting up large import market

Brazilian health authorities rejected domestic cultivation of medical marijuana but agreed to permit the distribution of medicinal cannabis products that have not completed clinical trials, potentially setting up one of the largest import markets in the world. The new rules, adopted Tuesday, allow bulk imports and sales in pharmacies for the first time. Tuesday’s decision – involving […]

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Cannabis producer Canopy downsizes Latin America workforce as region struggles to generate revenue

One of the largest cannabis companies in the world, Canopy Growth, is restructuring its overseas operations by laying off 15% of its workforce in Latin America, reflecting the slow pace at which revenue-generating opportunities and regulatory structures are evolving in the region. Though the layoffs account for a tiny fraction of the Canadian producer’s global 3,850-person workforce, […]

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Mexico has until April 30 to legalize cannabis, Supreme Court rules

Mexico’s Supreme Court gave Congress another six months to approve legislation that legalizes all forms of cannabis, postponing until the end of April the deadline for when the Latin American country would create the world’s largest adult-use market by population. With the new timeline, the bill that’s considered closest to the finishing line now has a lower […]

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Week in Review: USDA issues hemp rules, Mexican recreational cannabis vote delayed, spring rollout for Michigan’s rec market & more

The U.S. Department of Agriculture (USDA) unveils its hotly anticipated hemp regulations, Mexico’s bid to legalize recreational marijuana is delayed, sales of adult-use MJ in Michigan won’t begin until March or April at the earliest – and more of the week’s top cannabis business news. USDA rolls out hemp rules The USDA released 160 pages of […]

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