Mexico’s Chamber of Deputies approved a bill in general to lay the legal foundation for regulated marijuana and hemp industries, but the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmak…
Latin America Cannabis Industry & Marijuana Business News
Canopy unloads British Columbia cannabis greenhouses at large loss
Smiths Falls, Ontario-based Canopy Growth sold off two facilities in British Columbia that it once touted as the largest cannabis greenhouses in the world. In a regulatory filing this week, the company said it completed the sale of its production facil…
Mexico’s medical marijuana program offers firms a chance to enter new adult-use industry
Marijuana and hemp companies keen to participate in Mexico’s emerging medical cannabis program should start preparing now, attorney advise, noting it will give businesses a leg up in entering the nation’s adult-use industry once it launches.
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Mexico releases long-awaited medical cannabis regulations
Mexico has published highly-anticipated regulations to underpin its medical cannabis industry, more than three years after an amendment to the General Health Law allowed medical cannabis use. The long delay underscores a benefit of approaching the inte…
Colombian agency recommends allowing cannabis flower exports
The Colombian government may reconsider its ban on medical cannabis flower exports for commercial purposes. A recent letter by the Superintendency of Industry and Commerce (SIC) – a government agency that promotes fair business practices – …
Cannabis producer Clever Leaves starts trading in Nasdaq
Clever Leaves Holdings will began trading on the Nasdaq on Friday, the company announced before the market opened, the first cannabis producer with its main operations in Colombia to trade on a large American stock exchange. Clever Leaves Holdings is t…
Uruguay completes another large export of high-THC flower to Portugal
Uruguay-based Fotmer completed another large export of high-THC flower to Portugal at the end of November, according to Uruguayan customs records viewed by Marijuana Business Daily. The company declared two exports, each with a value of almost $1.3 mil…
Mexico hits snooze on cannabis legalization until next spring
The Supreme Court of Mexico has again extended the deadline for legislators to comply with a mandate to legalize adult-use cannabis. Now Congress can legislate on this matter until the end of the next ordinary session period, which starts in February 2…
First prescriptions of high-THC products imminent in Peru
Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – announced Thursday that it successfully completed the first export from Colombia of high THC medical cannabis products. They were imported into Peru. The company expe…
Brazil postpones evaluation of CBD formulation for medical coverage
A government evaluation to include a specific CBD formulation in Brazil’s Public Health System (SUS) has been postponed. The National Committee for Health Technology Incorporation (Conitec), a government agency, had been scheduled to take up the …