Medical Marijuana: $9 Million Potential Revenue for Costa Rica

The medical use of marijuana by the public healthcare system of Costa Rica, known as La Caja, could generate $9 million in revenue, a figure that would be equivalent to 0.2 percent of the nation’s gross domestic product (GDP). Such is a legislative proposal that was presented last year by lawmaker Marvin Atencio, who represents the ruling Citizens’ Action political party (Spanish initials: PAC).

Earlier this year, analysts at La Caja did not see a problem with the legislative proposal, which aims to regulate production, regulation and prescription of medications containing tetrahydrocannabinol (THC), the main psychoactive substance found in the flowering of certain plants in the genus Cannabis.

According to an analysis by business journalist Maria Siu Lanzas of business daily La Republica, the creation of an Institute for the Investigation and Regulation of Cannabis (Spanish acronym: IIRCA) would entail...

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