South America


PharmaCielo granted new cannabis licenses in Colombia as competition heats up in Latin America

PharmaCielo (TSXV:PCLO) (CVE:PCLO), a Canadian based medical cannabis investor with global operations in Colombia, announced last Wednesday that they had been granted a proprietary license for 10 unique CBD and THC strains under Colombia’s national cultivar registry. These licenses come as a part of a national shift for Colombia to regulate its illegal drug trade and bring global prominence to one of its major agricultural products.

The Latin American country decriminalized small amounts of marijuana in the 1990s. It was a blow to the United States whose never-ending war on drugs, particularly cocaine and marijuana from Colombia, had gone on for decades.


Joint venture between Dixie Brands and Khiron Life Sciences targets Latin America, U.S. markets

Dixie Brands Inc. and Khiron Life Sciences Corp. have signed a binding letter of intent to establish a 50/50 joint venture to introduce a full line of cannabis-infused products to the Latin American market.

As part of the agreement, “Dixie will also manufacture and distribute Khiron’s Kuida® brand of CBD-based cosmeceuticals in the U.S., targeting the growing Hispanic population,” reports Dixie Brands, which has been formulating THC- and CBD-infused products since 2009 and is one of the cannabis industry’s leading consumer packaged goods (CPG) companies.



Vicente Fox’s firm eyes Latin America as region opens to marijuana

Former Mexican president turned drug-legalization activist, Vicente Fox, sees a paradigm shift in Latin America as governments authorize marijuana use, embracing a drug that was once shunned.

Now, as markets open in a region of more than 640 million people, Fox wants the Canadian company he represents to supply the weed.

Khiron Life Sciences Corp., which Fox joined as a board member and adviser in 2018, is set to launch sales throughout Latin America this year, Fox said. The Vancouver-based company, which is already selling products in Colombia, will enter into a joint venture with Colorado-based Dixie Brands Inc. to market a line of medical products, using marijuana cultivated in four countries in the region. The deal is expected to be announced Wednesday.


This cannabis market will be bigger than America's and Canada's combined, according to CannaTech exec

Canada was easily the top cannabis newsmaker of 2018 after becoming the first G7 nation to legalize recreational cannabis. But 2019 could belong to Panama and the rest of Latin America, which is poised to become the cannabis industry's next big mover and shaker in the near future, writes James McClure.


Two groups of Caribbean Islands just changed their marijuana laws

Marijuana reform is coming to the US Virgin Islands as well as Trinidad and Tobago after both groups of Caribbean islands changed their cannabis laws recently, writes Calvin Hughes.


FoliuMed kicks off 70-ton hemp and cannabis cultivation in Colombia

Expectation is cultivation site offers one of the more favourable grow conditions in the world

Cannabis producer FoliuMed has completed the construction of its first greenhouses on a 16 hectare grow site close to Bogota, where the company will produce more than 70 tons of medicinal hemp and cannabis plants in 150 greenhouses.

“The plants will be processed into oils and sold as pharma-grade ingredients to international producers of cannabis medicine for stress, anxiety and sleep disorders,” notes a press release issued by Spring Capital, an investment firm that specializes in both international gaming and cannabis operations in regulated markets.


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New Frontier Data launches first International Cannabis Alliance to address cannabis industry risk, opportunities and best practices worldwide

New Frontier Data, the authority in data, analytics and business intelligence in the global cannabis industry, in conjunction with CannaTech and leading companies representing the key building sectors of any legal cannabis market, announces the creation of the InterCannAlliance (ICA).

The ICA has been established to educate and inform future regional market and thought leaders interested in the cannabis industry, fostering responsible, transparent and effective market practices learned across more mature North American cannabis sectors.


Report predicts $13 billion Latin American cannabis market by 2028

Over the past two years, the Latin American cannabis industry has “emerged from the shadows” to command the attention of international firms and investors. Legal cannabis sales within the region are on track to reach $125 million in 2018; that figure is expected to rise to $12.7 billion by 2028.


Jamaica makes first shipment of medical marijuana to Canada

Jamaica has made its first shipment of medical marijuana extract oil to Canada.

In making the announcement, Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw, “Jamaica is uniquely positioned to be a global player and we are committed to providing the leadership and resources required for opening the international markets including Canada and Europe for our licensed and regulated Jamaican companies.”

The shipment was authorised through an import permit issued by the Government of Canada through Health Canada for Jamaica and an export permit issued by the Ministry of Health in Jamaica.


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