Uruguay

Thu
07
Nov

Weed-curious Politicians should look to Uruguay, where there's no fuss over legal cannabis

When Uruguay became the first nation in the modern era to legalize weed in 2013, most of its citizens were against it. Yet, despite deep public skepticism, none of the challenges or perceived failures of the law have been enough to generate momentum to try and reverse it. Instead, during the first round of national elections last month, cannabis legalization had all but been forgotten as an issue. It had retreated into the political background.

Tue
29
Oct

Global CBD market expected to grow by 40 percent this year

CBD is the new sliced bread, toilet paper on rolls, and bottled spring water. And we can expect to see more traditional business sectors getting into CBD in the near future.

If the non-intoxicating marijuana compound cannabidiol (CBD) were a deadly virus sent to Earth by the Devil himself, it would be well on its way to rendering the global population extinct within the next few years.

Fri
11
Oct

The great race to become the World’s weed supplier

Companies vying to be the biggest cannabis producer in America or Canada are wasting their time and suffering from a crippling lack of vision. The real play is to make a bid to become the worldwide leader in global cannabis exports — like firms in Jamaica and Lesotho as well as Canada are attempting to do — and the window of time to get in is closing fast, according to one entrepreneur with clear-cut plans to curb that market.

Tue
08
Oct

Policies, fertile land and climate signal potential for Latin American hemp

While hemp is not a panacea for endemic poverty in Latin America & The Caribbean, the region’s climate, land mass and generally liberal policies toward cannabis signal vast potential for a thriving sector.

“The hemp industry is in line with sustainable business principles, providing economic, social and environmental benefits,” said Barbara Galletti, CEO of Pronatura Ltda., and co-creator of Nutranabis, the first Chilean brand dedicated to the re-introduction and commercialization of organic hemp products in Chile.

“These principles are essential not only to reduce poverty levels but also to promote social justice and a healthier planet,” Galletti said. “The hemp industry fits perfectly in this new business model.”

Wed
02
Oct

High ambitions: Uruguay cannabis firm targets booming global market for medical marijuana

In a white, sterilized laboratory on the outskirts of Uruguayan capital Montevideo, biochemist Javier Varela and his team are carefully cultivating plants for a booming multibillion-dollar global market in medical marijuana.

The company Varela works for, Fotmer Life Sciences, has just made the first commercial shipment of medical cannabis from Latin America, 10 kg (22 lb) of dried flowers with high levels of active ingredient THC destined for patients in Australia.

The small but landmark export underscores the country’s push into the burgeoning market for legal cannabis, that has medical uses including helping cancer patients manage chronic pain or treating spasms associated with multiple sclerosis.

Tue
01
Oct

Medical cannabis exporter sees an opening before market floods

Medical cannabis producers have a five-year window to reap high prices for their products before supply floods the market, according to Jordan Lewis, whose firm became Uruguay’s first commercial exporter of marijuana this month.

“The EU right now represents the single largest market in the next five years,” Lewis, chief executive officer of Silverpeak Life Sciences Uruguay Inc., said in an interview in Montevideo. Lewis added he’s also bullish on Asian and Latin American markets in the mid-term.

Prices for dried flowers and oils that are high in THC, the plant’s main psychoactive ingredient, should remain elevated for the next three to five years, Lewis said. Non-psychoactive CBD products will probably see price declines much sooner, he said.

Thu
26
Sep

Aeternity Blockchain will be used to track cannabis in Uruguay

Decentralized application (DApp)-focused blockchain Aeternity will be used to track the supply chain of Montevideo-based medical and recreational cannabis producer Uruguay Can.

Fri
20
Sep

Why the future marijuana superpower could come from this region

When PharmaCielo, now a publicly traded company, formed in 2014 to cultivate medical cannabis in Colombia, some growers needed convincing. Some came from families that farmed chrysanthemums for generations. Cannabis was largely illegal and stigmatized. Scars from the nation's decadeslong drug war were fresh. A peace deal between the government and leftist FARC rebels was two years away. North America's marijuana stocks boom had not begun.

Fri
06
Sep

Cannabis: While the US waits, the world opens up

Cannabis legalization is spreading its roots globally. Uruguay was the first country to fully legalize recreational cannabis in 2013. Canada became the second country to legalize marijuana in 2018. Many other countries have followed suit. However, the legality of medical and recreational cannabis varies for different countries.

Tue
03
Sep

Hemp can help Latin America if proper strategies in place

Hemp can help to alleviate poverty in Latin American countries, but only if effective competitive strategies are in place, said Sergio Vazquez Barrios, who heads Uruguay’s industrial hemp program in the Ministry of Livestock, Agriculture and Fisheries (MGAP).

“I believe that the poverty levels of a country or an agro-exporting region are not overcome only with the large-scale production of a crop for which the demand is temporarily higher than the supply,” Vazquez Barrios told HempToday. “A strategic objective must first be considered and a competitive strategy must be identified.”

Vazquez Barrios said such a strategy must be combined with public education and development policies in order to advance economic growth.

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