Latin America Cannabis Industry & Marijuana Business News

Barbados procuring medical cannabis for first imports in April

The Barbados Drug Service is inviting companies to submit applications to supply the nation with approved medical cannabinoid products starting April 2020 and lasting through March 31, 2022. The requested products are not legally available in the eastern Caribbean nation at this time. Separately, a bill was introduced in the country’s parliament this week to […]

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Report: Supply issues lead to declining sales in Uruguay’s recreational cannabis market

Years after legalization, supply issues continue to hinder the growth of the adult-use marijuana market in Uruguay, according to a new report by the Institute for the Regulation and Control of Cannabis (IRCCA). According to the Uruguayan cannabis regulatory agency, as of July 31, 47,810 people were registered to legally access recreational marijuana in Uruguay using one […]

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Mexico seeks public input as marijuana legalization draws closer

The Mexican parliament has created a website to announce a series of events and receive feedback from the public in advance of the expected full legalization of cannabis later this year. Several parliamentary committees are inviting participation in what’s typically called an “open parliament.” The first scheduled event, “Themed Cafe: Towards Cannabis Regulation,” will take place Aug. […]

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Brazilian health regulators mull plan for cannabis cultivation and products, but proposal draws opposition

Brazilian health regulators are weighing a landmark plan to permit the domestic cultivation of marijuana and the registration of medical cannabis products that have not yet completed clinical trials, a move that would open a potentially huge market to MJ companies from around the globe. But the proposed rules have encountered stiff opposition from a […]

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First commercial export of nonpsychoactive cannabis from Colombia reaches UK

Bogota-based Clever Leaves announced that the first Colombian shipment of nonpsychoactive cannabis products for commercial sale reached London’s Heathrow Airport on July 27, and the health-related goods cleared customs Wednesday. The products, which were exported as a food supplement, will soon be available for sale in the United Kingdom and other European Union countries, according to […]

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Big changes in store for Colombia cannabis regulations, but final rules and timeline uncertain

A draft decree in Colombia is in the works that could substantially modify certain aspects of the current medical cannabis framework. Among other things, the proposed changes would make Colombian medical cannabis companies more competitive internationally by allowing flower to be exported into free trade zones. Another proposal is aimed at making it easier for […]

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Cannabis the most widely used drug globally, UN World Drug Report says 

Marijuana was the most widely used drug around the world in 2017, with an estimated 188 million consumers that year, according to a new report from the United Nations. The 2019 World Drug Report provides an overview of the international supply and demand of cannabis, as well as other drugs. The data also underlines the […]

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Breakthrough in Brazil: Regulators eye domestic cannabis cultivation, creation of product registration plan

Brazil could become the latest country to regulate the domestic cultivation of medical cannabis, according to the government body responsible for regulating marijuana – a move that will have major implications for the industry when the rules take effect. At a public meeting last week, the National Sanitary Surveillance Agency (ANVISA) collegiate directors approved two draft […]

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Cannabis oil firm PharmaCielo to buy Australia’s Creso Pharma for roughly $85M

Toronto-headquartered PharmaCielo agreed to purchase Creso Pharma, an Australian-traded cannabis oil producer, for 122 million Australian dollars ($85 million). PharmaCielo is the parent of PharmaCielo Colombia Holdings, a producer of medical cannabis oils in Colombia. Creso Pharma is a medical cannabis company specializing in the research, development and production of therapeutic, nutraceutical and animal health products, […]

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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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