Latin America Cannabis Industry & Marijuana Business News

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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Uruguay selects three new commercial growers of recreational marijuana to meet consumer demand

The Uruguayan government announced the three winning companies chosen to grow recreational marijuana for commercial purposes under an application process that began in February. To meet a shortfall of adult-use cannabis, the Uruguayan Institute for the Regulation and Control of Cannabis (IRCCA) selected: Uruguay Biopharmaceutical Research Co., based in the United States and conditioned to register a company in […]

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Mexico to miss deadline to legalize marijuana, including recreational use

Citing “unprecedented” pressure from companies trying to influence Mexico’s cannabis legislation, voting on a bill to completely legalize marijuana – including its recreational use – will be delayed, according to media reports. Ricardo Monreal, president of the Senate’s Political Coordination Board (Jucopo) – a governing body of the chamber – told Milenio the bill “won’t be voted on this […]

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Mexico’s draft cannabis legalization law would limit foreign investment, ban vertical integration

Mexican lawmakers are moving closer to adopting groundbreaking legislation to establish a federally regulated cannabis industry, a move that would lay the legal foundation for a new market and make Mexico only the third country in the world to legalize commercial production of adult-use marijuana. The legislation lays out the groundwork to create what would […]

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Brazil again delays vote on regulating cannabis cultivation and products registration, dealing further setback to open market

Brazilian health regulators unexpectedly postponed another vote on a groundbreaking proposal to regulate the cultivation and registration of cannabis-based medicines, delivering a further blow to efforts to open up fresh business opportunities in Latin America’s largest medical cannabis market. The directory of the Brazilian Agência Nacional de Vigilância Sanitária – or National Sanitary Surveillance Agency […]

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Final draft of Mexico’s bill to legalize cannabis expected Oct. 17, senator says

The Mexican Senate’s parliamentary commissions of justice, health and legislative study had a special joint meeting to provide updates on the upcoming legalization of marijuana. During the meeting, Senator Julio Ramón Menchaca Salazar, president of the Justice Commission, emphasized that the Senate’s deadline to legalize is Wednesday, Oct. 23. Senator Damián Zepeda Vidales of the Justice Commission asked […]

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Brazil postpones vote on key marijuana proposals, raising questions about their future

Voting on resolutions to regulate the cultivation and registration of cannabis-based medicines in Brazil has been postponed, the Agência Nacional de Vigilância Sanitária – or National Sanitary Surveillance Agency (ANVISA) – announced Monday. Voting was originally scheduled to take place Tuesday. The delay throws the future of the groundbreaking proposals in doubt. The reason given for the postponement was […]

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Date looms for Brazil decision on medical cannabis growing, product registration

Brazil’s Agência Nacional de Vigilância Sanitária – aka National Sanitary Surveillance Agency (ANVISA) – is expected to vote next week on two draft resolutions which could have sweeping ramifications for the medical cannabis industry. If approved, the proposals would for the first time regulate the domestic cultivation of medical cannabis in Brazil and create a […]

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Paraguay issues details covering application process for cannabis business permits, with established labs gaining an edge

Paraguay issued detailed guidelines governing the business licensing system for its new medical cannabis program, including the application process for companies hoping to secure a production license. A speedy application timeline – applications must be filed this month – suggests that authorized pharmaceutical laboratories will have an inside edge in winning a production permit. The […]

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