Uruguay

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.

Thu
15
Aug

What you need to know about cannabis in Latin America

A number of countries in Latin America have the potential to become global leaders in the cannabis space. Here’s what you need to know.
 

When people talk about cannabis, all eyes turn to Canada. After all, the country was of the first to legalize cultivation and usage for medical purposes in 2001. Then, of course, they fully legalized the cultivation, sale, and adult-use of recreational cannabis last year. Canada also houses some of the largest and most notable companies in the industry, including Aurora Cannabis, Canopy Growth, and Tilray.

Fri
28
Jun

UN World Drug Report 2019 now published with information on cannabis black & regulated markets

The United Nations World Drug Report has been released and it’s a big report with plenty of cannabis information, especially pages 9 thru
Wed
26
Jun

Medical marijuana spreads across South America

By most measures the anti-narcotics raid was a raging success. After forcing their way into the apartment, police here in Peru's capital seized five kilograms (11 pounds) of cannabis and equipment, including grow lights and fertilizer.

The entire property in the Lima district of San Miguel, overlooking the South Pacific, had been converted into an underground lab to produce significant quantities of the prohibited soft drug — a lab that the officers had put out of action.

Mon
03
Jun

You’ll never guess which country smokes the most weed

If you had to guess which country consumed the most cannabis in the world, you’d surely start with places where the plant is at least legalized. Uruguay, for instance, legalized cannabis in 2013. Another choice might be Canada, which passed adult-use marijuana legislation in 2018. Heck, you could even pick countries where the drug is partially legalized, like the United States or Netherlands.

Tue
28
May

Agriculture Technology Transforming Latin America’s Medical Cannabis Market

Latin America’s medical cannabis market may be a perfect fit for agriculture technology like precision irrigation.

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