Latin America Cannabis Industry & Marijuana Business News

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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$400M invested in Colombia cannabis industry, official tells Latin American Cannabis Symposium

Over $400 million has been invested in Colombian medical cannabis so far, and the country is in the early innings of an industry with massive potential, a Colombian government official said Monday. Juliana Villegas Restrepo – vice president of exports at ProColombia, a government agency in charge of promoting Colombian non-traditional exports – told MJBizCon’s inaugural […]

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Latin American Cannabis Symposium kicks off, focusing on region’s business opportunities and growth prospects

MJBizCon’s inaugural Latin American Cannabis Symposium kicks off in Bogotá on Monday at a time when expectations are high that this region will emerge as a low-cost marijuana cultivation juggernaut. More than 500 marijuana industry entrepreneurs, investors and executives from 20 countries are attending the two-day conference at the Grand Hyatt Bogotá. In addition from Latin […]

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