Latin America Cannabis Industry & Marijuana Business News

Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold

By Matt Lamers, John Schroyer and Bart Schaneman Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market. Here’s a closer look at some notable developments in the marijuana industry over the past week.

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Uruguay to begin recreational cannabis sales July 19

Legal sales of adult-use marijuana in Uruguay will begin next week at a limited number of pharmacies, and more than 5,000 people have registered as customers. Recreational marijuana will be available starting July 19 in 5-gram amounts at 16 pharmacies nationwide, the South American country’s Cannabis Regulation and Control Institute said in a statement. The cannabis […]

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Mexican president signs medical marijuana legalization decree

Mexican President Pena Nieto made it official this week: His nation is the latest to legalize cannabis for medical purposes. Many of the details of the country’s MMJ program are still unclear, and it seems that only low-THC marijuana will be permitted, which could mean the black market and Mexican cartels would still profit from […]

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Canadian producer Tilray expands its cannabis export market

Tilray, a major licensed Canadian medical marijuana producer, expanded its international reach with recent MMJ exports to Cyprus and Chile. Tilray, which is owned by Seattle-based Privateer, said its shipment to Cyprus consisted of Tilray drops, a medical cannabis extract product. Tilray’s agreement with Chile calls for its MMJ products to initially be sold through pharmacies in […]

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Peruvian government seeks to legalize medical cannabis

Peru could become the latest country to legalize medical cannabis if a bill proposed by the nation’s president is approved by the legislature. President Pedro Pablo Kuczynski decided to back the move after a raid in the capital city of Lima unveiled a group of parents growing cannabis so they could produce oils with which to […]

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Tilray to begin exporting MMJ from Canada to Chile

One of Canada’s 38 licensed medical cannabis producers said it will begin exporting MMJ products to Chile starting this month. Tilray, a subsidiary of Seattle-based Privateer Holdings, is teaming up with Alef Biotechnology SpA on the export deal, according to a news release. Based in Nanaimo, British Columbia, Tilray estimates the potential MMJ patient base in […]

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Brazil allows sale of cannabis-based MS drug

Brazil’s health care regulator, ANVISA, handed out the nation’s first license for the sale of a cannabis-based drug – one designed for the treatment of multiple sclerosis. According to Reuters, U.K.-based GW Pharmaceuticals PLC developed the marijuana-based oral spray, which is known internationally as Sativex. It will be marketed in Brazil as Mevatyl. ANVISA announced […]

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Mexican Senate passes medical cannabis bill

The Mexican Senate overwhelmingly passed a medical marijuana bill, but to become law the measure must still win approval from the country’s lower house. The bill, which was passed 98-7 on Tuesday, would allow the use of products containing THC and would also permit marijuana to be produced for scientific and medical purposes, Reuters reported. The […]

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