South America


Exclusive: Celebrating 4/20 with the top 10 marijuana breakthroughs

This 4/20, we want to celebrate the huge strides that have been made in the legal cannabis industry.

More than ever, weed is being given credit around the world for its benefits. As such, we’ve compiled 10 breakthroughs that have happed in the last year in the industry:

1. Countries that legalized marijuana


Medical Marijuana, Inc. subsidiary HempMeds® Brazil provides CBD for university study in Brazil

Medical Marijuana, Inc. (OTC: MJNA), the first publicly traded cannabis company in the United States, today announced the success of its subsidiary HempMeds® Brazil's Cannabis Symposium in Rio Grande do Sul, Brazil.

The event was put on in partnership with the National Association of Cannabidiol Users (ANUC) from March 19-23 and was held in the cities of Canoas, Passo Fundo and Porto Alegre.

There, Dr. Stuart Titus, CEO of Medical Marijuana, Inc., spoke about the benefits of cannabidiol (CBD) and also discussed upcoming potential research opportunities in Brazil.


Legal cannabis inches forward in Jamaica

Many people associate Jamaica with cannabis, but the island is just starting to fully enact decriminalization.

Jamaica has long been associated with cannabis in the western imagination, particularly here in the United States where our perception of the island’s culture has been heavily influenced by the musical legacy of reggae legend (and vocal cannabis advocate) Bob Marley.

His musical career began around the same time Jamaica gained independence in the early ’60s, a time when cannabis was already making inroads into the American mainstream through the burgeoning counter culture, and when the Wailers got their big break in the early ’70s, he became a central icon of that cannabis-loving subculture.


Namaste announces medical cannabis supply agreement with leading Jamaican producer Marigold

Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has signed a Medical Cannabis Supply Agreement (the “Supply Agreement”) with Marigold Projects Jamaica Ltd. (“Marigold”) under its wholly owned subsidiary, Cannmart Inc. (“Cannmart”), whereby Marigold will supply Cannmart with high quality Jamaican produced medical cannabis, to be imported by Cannmart from Jamaica and offered in the Company’s online marketplace, subject to approval by Health Canada and the Cannabis Licencing Authority.


Panamá opens the door to the legalization of medicinal cannabis with a proposed law

Policy in Latin America governing medical cannabis use is evolving away from a blanket bar of any cannabis use. A few Central and South America countries allow use of cannabis and oils containing cannabidiol (aka “CBD”) for victims of epilepsy, appetite loss, nausea, chemotherapy-induced vomiting, or HIV/AIDS-associated pain or muscle spasms.

In recent years, some Latin American countries have reformed their controlled substances’ policy. For example, use of cannabis for therapeutic purposes is legal in Argentina, Brazil, Chile, Mexico, Puerto Rico, and Peru. Bolivia’s Constitution recognizes use of the coca leaf.


Jamaican farmers just harvested their first legal cannabis crop

Two cannabis cultivators in Jamaica have each separately announced that they harvested the country's first legal weed crop this month.

Last week, Kaya Farms announced their first cannabis harvest under the supervision of Augustus Staples, interim Chief Executive Officer of the country's Cannabis Licensing Authority (CLA).

The newly harvested plants will be now be cured and trimmed before being sent on to Kaya Herbhouse, the company's first retail establishment, and Everything Oily, who will process the plants into oil-based medicines.


Latin America offers Canada a route to global dominance in medical marijuana

Let's get this out of the way. If you were a fan of the acclaimed Netflix crime drama Narcos, you should know it is a fictionalized account of events that transpired in a dark period in Colombia 25 or more years ago.

The drug trade in the headlines in Latin America now is more often an entirely different and legitimate kind. It's also attracting Canadian investment and global attention for its progressive and research-based policies.

In Latin America, after Uruguay, the move to legalize medical marijuana really began in one of the region's largest economies, with the first licences issued in Colombia in 2017.


This Canadian company eyes Aruba, Caribbean market

A Canadian company has its eye on the future of marijuana in Aruba and the Caribbean, signing a deal this week to produce marijuana and food there in the near future.

Affinor Growers Ltd. of Canada this week signed an exclusive license agreement with Vertical Designs Aruba Inc. (“VDA”) to produce marijuana and food using the Affinor Growers patented rotating vertical towers.

In return for granting the license, Affinor Growers will receive 10 percent ownership in VDA and VDA will order all towers from Affinor for its farm to be based in Aruba.


Antigua and Barbuda move toward decriminalizing Marijuana

The Caribbean nation of Antigua and Barbuda is on the brink of a big development in cannabis law. There has been a growing movement in support of decriminalizing weed in the country, and this week, lawmakers took concrete steps toward making that a reality. As Antigua and Barbuda move toward decriminalizing marijuana, countries around the world continue reexamining cannabis laws.

Antigua and Barbuda is About to Decriminalize Weed

Lawmakers officially introduced The Misuse of Drugs (Amendment) bill last December. It received positive feedback. From there, a special committee studied it and made revisions. Lawmakers reviewed the bill again on January 23 and they voted on it earlier this week.


Canadian Cannabis companies set their sights on South America

Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would create the largest cannabis company in the world.

Bank of Montreal got into the weed game with a $175 million deal with Canopy Growth Corp. Skyrocketing cannabis stocks are leading to comparisons to the dot-com boom, and American marijuana companies are looking North for more capital and a friendly business environment.

Amid the frenzy, Canadian cannabis companies are increasingly setting their sights on South America, where several countries are liberalizing their cannabis laws.


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