Latin America Cannabis Industry & Marijuana Business News


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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Mexico Senate suspension over COVID-19 puts cannabis legalization deadline in doubt

The Mexican Senate struck an agreement to postpone most legislative activity as part of the second phase of contingency measures to fight the coronavirus pandemic. The decision casts serious doubt on the feasibility of complying with the April 30 deadline the Supreme Court set for the legalization of cannabis. Senate commissions approved a legalization bill earlier this […]

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MJBizDaily postpones, cancels three cannabis trade events

Marijuana Business Daily has decided to postpone or cancel three upcoming cannabis industry trade events scheduled for the United States and overseas because of the coronavirus pandemic. Here are the details: MJBizDaily’s Investor Intelligence Symposium, scheduled for next month in New York, has been canceled. Attendees have been notified. In lieu of the cancellation, MJBizDaily will […]

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First medical cannabis sales in Colombia imminent – a year later than expected

Colombia’s delayed medical cannabis industry could see its first sale within days, according to one of the country’s leading producers. Khiron Life Sciences announced Friday that it became “the first company” authorized to sell medical cannabis in Colombia. The Latin American nation’s medical cannabis industry had been expected to launch in 2019, so the announcement […]

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Postponed vote on WHO cannabis recommendations reveals international disagreements, uphill battle ahead

The 63rd session of the United Nations Commission on Narcotic Drugs (CND) in Vienna this week laid bare deep divisions in the international community over the World Health Organization (WHO) cannabis scheduling recommendations. Rather than voting on recommendations that would have far-reaching implications for the global cannabis industry, the CND postponed the vote to December. The […]

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Paraguay issues first 12 medical cannabis production licenses

Paraguay granted the first 12 licenses allowing companies to become vertically integrated producers of medical cannabis, paving the way for the South American country to become a low-cost producer of the drug. The selected companies are now able to import seed, cultivate, manufacture and distribute medical cannabis both domestically and for export. Paraguay took a […]

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Peru sells out of medical cannabis

Peru’s only medical cannabis product is out of stock, not even three months after sales began. This means patients have no option to legally access regulated medical cannabis in the domestic market, according to industry sources. Francesca Brivio, who represents a Peruvian patients association, wrote on her Facebook page that there’s no “single, formal way to access […]

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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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