South America

Mon
20
Nov

Where is marijuana legal? Peru the latest country to legalize

The president of Peru signed a bill on Thursday legalizing medical marijuana across the country, a historic move that came a few weeks after the Peruvian Congress voted to approve it.

The legalization allows possession, sale, and transport of cannabis for medical purposes, but it’s still illegal to cultivate the plant. The government will develop a list of official importers or growers who are authorized to supply the nation’s new medical marijuana patients, who will be given prescriptions for conditions like Parkinson’s, cancer, epilepsy or other chronic or terminal illnesses.

Peru is the latest Latin American nation to legalize marijuana in some form, but where else is cannabis legal?

Mon
13
Nov

Medical marijuana companies in Jamaica form alliance

Amidst increasing calls for policymakers to accelerate efforts to establish Jamaica’s medicinal cannabis and hemp industry, the first three companies that were issued licences to operate have taken a bold step forward.

Timeless Herbal Care, Epican, and Everything Oily Labs have forged an alliance which they hope will help move the industry forward and set an example for corporate Jamaica.

President of Timeless Herbal, Courtney Betty announced on Friday at a forum held at the Jamaica Pegasus hotel with various industry players, that the three entities have come together to form a new organisation – the Jamaica Association of Medical Marijuana Companies (JAMC).

Mon
06
Nov

Guyana: Regional commission on marijuana holds national consultations

Guyana will host consultations surrounding the use of marijuana on Nov. 6 as part of the Caribbean community’s call for “careful in-depth research” to inform decision-making on the issue.

The Regional Commission on Marijuana, established by CARICOM heads of government, will hold a number of focus groups with youth, faith-based organizations and special interests groups. A town hall meeting opened to the public is scheduled for 5 p.m. at the St. Stanislaus College, Brickdam, Georgetown.

Fri
03
Nov

Puerto Rico should legalize cannabis

There is no one solution for all of Puerto Rico’s problems. Currently the disaster stricken island needs everything from an entirely new infrastructure to a program to dig itself out of its 70-billion-dollar debt. To make matters worse, its population is fleeing to the mainland US in hopes of carving out a better life.

But should the government of Puerto Rico consider legalizing recreational marijuana?

Absolutely.

Say I currently lived in NYC. Where can I go on vacation that I know I can walk around to a dispensary and get an 1/8th of lemon haze? The west coast and pacific north west? The Netherlands? Canada?

But c’mon…I live in New York City. I want to vacation in the tropics. Where can I go?

Fri
20
Oct

Peru approves medicinal use of marijuana

The Peruvian Congress has approved a bill that authorises the medicinal and therapeutic use of cannabis and its derivatives in the country.

The proposal received 67 votes against five as three abstained in a full legislative on Thursday, allowing the bill to be enacted by the executive without going through the second voting session as required by law.

The bill will legalise the medicinal use of marijuana and its derivatives, such as cannabis oil, to alleviate the symptoms of diseases such as cancer, epilepsy and Parkinson’s disease, Efe news reported.

Congressman Alberto de Belaunde, who was the advocate of the proposal, said that once the bill is promulgated the government will have 60 days to work on the regulations.

Mon
16
Oct

Puerto Rico's medical Marijuana industry takes a hit due to hurricane

In this July 24, 2017 photo, Noel Sola, a cultivation worker at Natural Ventures inspects germinated marijuana plants in Caguas, Puerto Rico.

Prior to the storm, patients with a medical marijuana cards could only pick up their prescriptions from the single dispensaries that they were assigned to, but that rule has undergone a temporary change.

In an Oct. 6 determination, the Puerto Rican Department of Cannabis' board approved allowing patients to go to any open clinic, regardless of the dispensary they had been assigned. The new rule lasts until two weeks after the state of emergency has ended or until the board decides to terminate it.

Mon
16
Oct

Uruguay to produce medical marijuana for export

International Cannabis Corporation will produce Uruguay’s first batch of medical cannabis oil for export in December, the company’s chief executive said Sunday.

The Montevideo-headquartered company plans to ship the oil to Canada and Mexico, but is also open to selling it on the domestic market, Alejandro Antalich added.

“The goal is to export it. But if the Public Health Minister thinks it can be commercialized in the local market the idea would be to do that,” Antalich told Reuters by phone.

Exporting cannabis oil would mark a new first for Uruguay, a small South American nation that in 2013 became the first country in the world to legalize marijuana from its cultivation to distribution.

Wed
16
Aug

Growing Legalization of Cannabis Use in Many Regions Drives the Global Cannabis Testing Market Scrutinized in New Research

Cannabis Testing Market is driven by government initiatives, growing awareness about drug testing, growing legalization of cannabis use in many regions.

Cannabis testing defines various drug test methods for the usage of cannabis in medical prescription, sports medicine, and law. The rapidly increasing applications of cannabis (marijuana) in mainstream medicine such as pain management is poised to increase demand for cannabis testing measures.

The Drug Enforcement Agency (DEA) has categorized cannabis under the Schedule 1 classification as “a dangerous narcotic”. However, the great number of research articles on various portals such as PubMed suggest the rapidly growing manufacture and application of cannabis in various medical conditions.

Wed
02
Aug

Why Will Europe Be Slow in Legalising Medical Cannabis

Drug policy usually moves like an iceberg: slowly. And while and it can be hard to turn, sometimes it changes course in an unexpected direction. In the case of cannabis or marijuana, it may be picking up speed, but there are rough waters ahead.

Mon
03
Jul

Forget the US marijuana market - There are big opportunities in the rest of the world

Marijuana stocks have soared as state after state in the U.S. has legalized marijuana for medical or recreational use. The market potential is huge, with some estimating that the marijuana industry in the U.S. could generate sales of more than $18 billion by 2020.

But focusing only on the U.S. is nearsighted -- literally. There are significant opportunities for investors looking to profit from the expanding marijuana industry in other countries. Here are several important areas across the world with growing marijuana markets along with some of the marijuana stocks that could benefit from that growth.  

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