Cannabis in Latin America
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As of today, , the country of Mexico recently passed into law legalizing usage of Cannabis for medicinal purposes by allowing the production and distribution of The Plant.
- See Decree issued June 19, 2017 by Mexican President (CannabisMexico.com.mx)
This should create a regulated, tax-generating legal Cannabis Market in Mexico, and access to the US$600 million U.S Industrial Hemp Market*, the largest in the world, largely dependent on imports from other providers such as Canada and China.
* Source Congressional Research Service Study (Library of Congress)
In Uruguay pharmacies are legally selling Cannabis under a law that has made the small South American country the 1st in the world to legalize it from production to sale.
In Ecuador Cannabis is legal for personal consumption in quantities of up to 10 grams. Argentina has made it legal in the providences of Santa Fe and Chubut and decriminalized for personal use in Private Cannabis Pubs while Colombia releases plans for a Cannabis Cultivation Program.
In Peru Congress recently voted to legalize Cannabis for medical use, Costa Rica* is proposing some sort of Legalization, while Chile, Puerto Rico and Brazil already represent markets to be developed with each new passing law.
The Pulse of the Cannabis Industry in the Americas™