Latin America Cannabis Industry & Marijuana Business News

Northern Swan enlists major Democratic pols to boost Latin American cannabis push

Northern Swan, a New York-based marijuana investment group, installed two senior figures from the Democratic party to its advisory board to help navigate the company’s focus on Latin America. Bloomberg reported that the company appointed Tom Daschle, a former U.S Senate majority leader, and Joe Crowley, a prominent party member who last year lost a high-profile primary […]

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Germany authorizes medical cannabis shipments from Latin America for testing, paving way for future opportunities

The first cannabis shipments from Latin America to Europe have been approved, a move that could lay the groundwork for future business opportunities between the two regions. Cansativa GmbH, a German importer of medical cannabis that currently sources product only from the Netherlands, received a one-time authorization to import samples from Latin America exclusively for […]

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Brazilian cannabis import authorizations top 1,000 in the first quarter of 2019

Brazilian authorities continued to approve permits to import medical cannabis at an increasing rate through the first quarter of 2019. According to data provided to Marijuana Business Daily, Brazil’s National Sanitary Surveillance Agency (ANVISA) granted 884 new authorizations and 170 renewals during the first quarter of 2019 – more than one-third of all the authorizations that were […]

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European cannabis leader Bedrocan to re-enter Canada, South America

Dutch medical marijuana giant Bedrocan International is poised for an early return to Canada and South America after an arbitration tribunal reduced the duration of a moratorium prohibiting the company from those markets. A legal settlement between Bedrocan and Ontario-based Canopy Growth barred the Dutch company from doing business in Canada until Jan. 1, 2020, and in South […]

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Mexico revokes cannabis guidelines, throwing licenses into doubt

(This story has been updated to include a comment from Aurora Cannabis. – Ed.) Mexico’s main regulatory body for medical cannabis revoked key guidelines used as the basis for issuing dozens of import licenses for low-THC products, putting the status of those permits into question, pending a government review. Toward the end of President Enrique Peña Nieto’s […]

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Cannabis group Cansortium raises $56 million-plus ahead of IPO

Miami-based Cansortium, a vertically integrated cannabis operator, said it raised just over $56 million in funds ahead of its initial public offering (IPO). The company will use the net proceeds for continued expansion of its medical cannabis operations in Florida, Michigan, Pennsylvania, Texas, Puerto Rico, Canada and Colombia for repayment of debt and for general […]

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Canadian medical cannabis exports tripled last year, as race for European market position intensifies

Exports of medical cannabis from Canada soared last year as the country’s biggest licensed cannabis companies continued to establish beachheads in new medical markets overseas. Shipments of dried cannabis tripled to 1,460 kilograms (3,219 pounds) in 2018, compared with 500 kilograms in 2017 and only 44 kilograms in 2016. Exports of medical cannabis oil doubled […]

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INCB Report: Certain medical cannabis programs violate international drug control treaties

Only a month after the World Health Organization recommended a less-stringent scheduling of cannabis, the United Nations International Narcotics Control Board (INCB) declared that recreational marijuana programs and several medical programs are “contrary to the international drug control treaties.” The INCB’s 2018 annual report could be a step back for those expecting meaningful reform at an international […]

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UN Commission on Narcotic Drugs delays vote on WHO cannabis recommendations

The United Nations Commission on Narcotic Drugs (CND) will not vote on the World Health Organization’s cannabis recommendations at its March session in Vienna. That news comes after the release of the recommendations, which had been expected in December, was delayed. The proposal, made by the World Health Organization’s Expert Committee on Drug Dependence, could have […]

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