South America

Mon
23
Nov

Latin America could be next hotspot for cannabis industry despite pandemic

man holding marijuana leaves

 

Despite the coronavirus pandemic, new legislation and business partnerships have Latin America on the verge of a cannabis boom, according to a new report.

The report from Prohibition Partners, a market research firm studying the cannabis industry, looked at recent investments and laws to keep marijuana more accessible in the region.

Recent steps towards wider decriminalization from Paraguay, Ecuador and Argentina, among others, have opened the doors for further investment in the region pertaining to marijuana.

Earlier this month, Argentina allowed people to grow cannabis at home and for people to take it medicinally if they are uninsured.

Thu
06
Aug

Cannabis Tourism Could Help Cities Struggling Due to COVID-19

Cannabis tourism is not a new concept.

For many decades vacationers have flocked to cannabis hotspots like Amsterdam, Jamaica, Thailand, and other international destinations often associated with cannabis, albeit unregulated cannabis.

Options for legal cannabis tourism have increased in recent years with the spread of cannabis reform. Canada is a particularly popular destination these days because of the implementation of cannabis legalization.

Fri
24
Apr

The Top Reasons Latin America Could Dominate the Cannabis Market

The Latin America cannabis market is on pace to be one of the most exciting in the world. In fact, it has the potential to become one of the largest markets in the world with an estimated value of $9.8 billion , according to New Frontier Data. Better, according to Health Europa , the Latin American market is projected to reach a total value of $12.7 billion by 2028 thanks to a combination the region's combination of favorable weather conditions, low overhead costs.
That's creating sizable opportunity for companies including Terrace Global Inc. (TSXV:TRCE), Charlotte's Web Holdings Inc. (OTC:CWBHF)(CN:CWEB), Aurora Cannabis Inc. (NYSE:ACB)(TSX:ACB), The Supreme Cannabis Company Inc. (TSX:FIRE)(OTC:SPRWF), and Marimed Inc. (OTC:MRMD).

Wed
15
Apr

Colombian Association of Cannabis Industries: looking to Latin America

In this article the Colombian Association of Cannabis Industries explores the medical cannabis market in Latin America.

As EU demand for cannabis products grows, investors are turning to Latin America for imports. The Colombian Association of Cannabis Industries, which is recognised as the most relevant private entity representing the private cannabis industry in Colombia, tell us more.

Thu
26
Mar

Bringing Medical Marijuana To Latin America: 'Our Mission Is To Solve The Regulatory Puzzle'

According to an article from Harvard Health Publishing, the most common use for medical marijuana in the United States is pain control - an ailment that affects millions of Americans. Medical marijuana is particularly desirable to help in these cases because it is safer to use than opiates (less addictive and impossible to overdose on). 

Cannabis as a medicinal drug was listed in the United States Pharmacopoeia for the first time in 1850, and was used widely in the U.S. as a patent medicine during the 19th and 20th centuries.

Mon
02
Mar

Global Drug Law Monitor Hints At Fresh Approach To Cannabis Regulation

The International Narcotics Control Board (INCB), responsible for monitoring compliance with global drug treaties, has admitted it may have to water down its hardline approach to cannabis regulation to stay relevant.

Fri
28
Feb

Here Are The Changes Needed For International Cannabis Legalization

It took twelve months of research, investigations, and interviews (and about five weeks of non-stop writing with some very late nights and a lot of coffee) to produce my book on cannabis law and regulation, which is out now with Bloomsbury Professional. It is a detailed analysis of medicinal and recreational cannabis laws and regulations in the most active international jurisdictions, scoping out where change is happening.

Wed
19
Feb

Countries Around the World Make Moves to Decriminalize Cannabis

In late 2019, a ruling by Italy's highest court struck down the prohibition against growing marijuana at home, ending a long legal dispute over that issue.

The court ruled that “at home, small-scale cultivation activities are to be considered excluded from the application of the penal code,” according to the New York Times.

Tue
28
Jan

3 Key South American Cannabis Markets Investors Need To Be Watching

The cannabis sector has recorded significant advancements during the last year, as new markets have opened up and this is a trend that our readers need to be aware of.

New markets create additional opportunities for all types of companies, and we have been working to identify the businesses that will benefit the most from the cannabis legalization trend. South America has been a hotbed of activity for the legal cannabis industry and we are favorable on the economics associated with the production of cannabis in this region.

Thu
02
Jan

Moms, Presidents And Open Letters: The Tango For Cannabis Legalization And Home Growing In Latin America

Read entire article here.

Latin America’s cannabis market is poised to become a central piece in the development of a legal global cannabis industry. With land and weather perfectly fit for cannabis cultivation, relatively low labor costs, and a strategic location for exports into North America, the region is on its way to becoming an important cannabis hub.

Some markets like Colombia are welcoming investments from some of the top cannabis companies like Canopy Growth, Aurora Cannabis, Cronos Group and Aphria. 

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