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The United Kingdom is embarking on a full review of the medical benefits of cannabis that experts say could put the country on a path towards legalizing MMJ.

Brazil is poised to become the largest Latin American cannabis market in the long term, but regulators have been slow to expand the existing program over the last few years.

Opportunities are also slow to develop in Paraguay and Peru, where medical cannabis laws were passed recently but still lack details about implementation.

While Canada and the United States dominated marijuana headlines over the past year, their neighbors in Latin America also made some waves.

Though business and investment opportunities are not nearly as strong as they are in the United States and Canada, Latin American countries are making progress that paves the way for such opportunities down the road.

By Bart Schaneman

If you’re going to claim your medical marijuana product can treat a condition or disease, you’d better have the data to back it up.

So says Emily Leongini of the Arent Fox law firm, where she works in the Food and Drug Administration practice with a focus on highly regulated products like cannabis.