The Mexican lower house decided Tuesday to delay debating the cannabis legalization bill until the next legislative period, which starts in February 2021, local newspapers reported. Lawmakers say they need more time to study the bill. The delays should…
Latin America Cannabis Industry & Marijuana Business News
Brazil official sees cannabis cultivation bill making progress in December
A Brazilian bill that would legalize medical marijuana and industrial hemp cultivation could soon have its first debate on the floor of the lower house of Congress, ahead of its expected approval in that chamber before the end of this year, federal dep…
PharmaCielo gets new CEO after revenue collapses; Khiron reports loss
PharmaCielo and Khiron Life Sciences – Toronto-based companies with their main operations in Colombia – reported losses this week for the quarter ending in September. PharmaCielo reported revenue of only 25,913 Canadian dollars ($20,000) fo…
United Nations approves WHO recommendation to reschedule cannabis in historic vote
The United Nations Commission on Narcotic Drugs (CND) on Wednesday accepted a World Health Organization (WHO) recommendation to remove cannabis and cannabis resin from Schedule IV of the 1961 Single Convention on Narcotic Drugs.
United Nations approves…
Colombian cannabis producers raise fresh rounds of capital
Some leading licensed cannabis producers in Colombia raised fresh rounds of capital recently. Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – closed a bought deal for 14.5 million Canadian dollars ($11.5 million), …
Latin American cannabis exports continue to fall short of lofty expectations
Expectations that Latin America would become a significant exporter of cannabis for medical and scientific use have not yet materialized, with total export revenue from the continent estimated to be less than $15 million.
Latin American cannabis export…
Mexican Senate approves cannabis legalization bill, ending monthslong delay
The Mexican Senate on Thursday approved a comprehensive adult-use marijuana legalization bill, but the pending law still faces some hurdles before doors are fully open to business opportunities in Latin America’s second-largest consumer market.
Mexican…
Mexico slowly advances adult-use cannabis law – setting up key vote next week
A group of Mexican legislators met virtually on Friday to discuss the latest version of a bill to legalize adult-use cannabis and, in doing so, comply with a Supreme Court mandate to pass a law by the middle of next month. The legislators already are w…
Argentina redraws medical cannabis rules, allowing home cultivation
Argentinian authorities have published a new decree aiming to address the shortcomings of the rules governing the country’s medical cannabis sector, which has largely failed to materialize since an initial law and a decree were approved in 2017. …
Argentina inches closer to first locally made cannabis medicine
Argentina might have the first locally-manufactured medical cannabis product as soon as early 2021. An official document shared by local pharmaceutical newspaper Pharmabiz shows that Manuel Limeres, head of Argentina’s National Administration of …