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Guidelines to Obtain Cannabis Licenses in Peru

Guidelines to Obtain Cannabis Licenses in Peru

In 2017, Peru’s marijuana laws changed to legalize marijuana, also known as cannabis, for medical purposes. In February this year, the government released official guidelines to issue licenses for the medical and therapeutic use of cannabis and its derivatives. In spite of this, further protocols were lacking before companies could apply for commercial cannabis licenses in Peru. With the recent release of awaited protocols in November of this year, entities can now begin the process of applying for licenses to produce cannabis for commercial purposes. Learn the general procedure to apply for cannabis licenses in Peru What are the types of commercial cannabis licenses in Peru? Law 30681 established three types of licenses to produce cannabis in Peru. Currently, Peru’s Law 30681 establishes three types of cannabis licenses: license for scientific research license for import and commercialization license for production.  The process to obtain cannabis licenses in Peru involves different government authorities that issue specific certificates and authorizations that complement each other to obtain a license. According to regulation, three entities are in charge of processing request for licenses and necessary documentation:  the Ministry of Agriculture (MINAGRI), through the National Service of Agrarian Health (SENASA) and the National Institute of Agrarian Innovation (INIA). SENASA is in controls the imports of seeds and quarantine for cannabis post-entry.  the Ministry of the Interior (MININTER), through its Anti-Drugs Directorate (DIRANDRO), is in charge of issuing safety...

Opportunities for Doing Business in Mexico

Opportunities for Doing Business in Mexico

Mexico has the second-largest economy in Latin America, behind Brazil. This is due to its increasingly growing GDP, low cost of labour and a geographical advantage being on the doorstep of the economic powerhouses, United States and Canada. Mexico has seen an increase in Foreign Direct Investment (FDI) due to several beneficial commercial conditions and emerging industries. As a result, many investors and entrepreneurs are offered high prospects for success when doing business in Mexico. Plus, the newly revamped North American Free Trade Agreement (known as NAFTA or T-MEC) offers preferential access of 80% of Mexico’s exports to the US and Canada, valued annually at around US$291 billion and US$22.6 billion respectively.   Furthermore, the European Union (EU) free trade agreement eliminated 82% of tariffs on Mexico’s exports, reaching US$23 billion in value for products and services in 2015. With these strong trade agreements, Mexico is set for continued economic growth entering in 2020. Robust growth supports opportunities for doing business in Mexico in 2020 Mexico is on track to break into the top 10 largest economies in the world within a decade. As 2020 approaches, economists are forecasting a GDP growth of 1.2% and in 2021, another 1.8%. This growth can be attributed to increasing domestic demand, and returns on public spending and business investment backed by an increase in household consumption and an overall greater monetary capability. The flexible exchange rate enables Mexico to successfully absorb any financial shocks without major financial...

Opportunities for Researchers With a Cannabis License in Colombia

Opportunities for Researchers With a Cannabis License in Colombia

The nascent medical cannabis industry in Colombia opens new paths in terms of economic development and business opportunity. Various government, business and research needs regarding its ‘scientific use’ offer a range of commercial opportunities for those with a cannabis license in Colombia. Research-based businesses can gain a commercial advantage in Colombia’s cannabis industry by obtaining a license and offering business-to-business (B2B) scientific research services. Development of legal framework to get a cannabis license in Colombia Research-based businesses can gain a commercial advantage in Colombia’s cannabis industry by obtaining a license and offering business-to-business research services. In Colombia, thanks to Law 1787 of 2016 and Decree 613 of 2017, the stigma on the cannabis plant was lifted, and the plant was legalized for specific personal and commercial uses. Colombia saw this legalization as a valuable opportunity to support greater economic development. Additionally, this move put Colombia on the map for cannabis production, and it’s now set to be one of the world’s leading producers of cannabis. Colombia now sits alongside pioneer countries in the legalized cannabis category, such as Canada, United States, Uruguay and Bulgaria, among others. Much of the success in the cannabis industry in Colombia is the responsibility of the Colombian institutions, who have made a joint effort to cover all flanks and quickly develop clear processes for entrepreneurs to start a cannabis business in Colombia. This includes: the Ministry of Justice and the Ministry of...

Ecuador One Step Closer to Cannabis Legalization

Ecuador One Step Closer to Cannabis Legalization

As the trend for legal cannabis production continues to sweep across Latin America, Ecuador moves one step closer to the plant’s legalization. In mid-September 2019, the National Assembly of Ecuador approved some proposed reforms to the Ecuadorian Criminal Code, including reforms related to cannabis consumption. Although a small change in legislation, this is a large step in the direction of general acceptance of cannabis in Ecuador. Legal reform: personal medicinal cannabis use The latest statement on cannabis from the General Assembly reads: "The possession of drugs that contain the active substance of cannabis or derivatives for therapeutic, palliative, or medicinal purposes or for the exercise of alternative medicine in order to guarantee health, will not be punishable, provided that the suffering of a disease is demonstrated through a professional diagnosis." It is important to note that this legal reform is to stop considering the possession of cannabis-derived products for medicinal purposes as a crime. There have been a number of misconceived reports on this piece of legislation in Ecuador, many believing it to be a complete overhaul of the ‘Health Code’ and hence permitting medicinal cannabis production, export, and marketing. The misreporting of the event led to a frenzy of inquiries from medicinal cannabis businesses looking to get a first-mover advantage. What does this mean for Cannabis production in Ecuador? Although this is an important step in the process of general approval of cannabis production, sale and consumption in Ecuador, full legalization is not...

Importing and Exporting Medicinal Cannabis Products to Australia

Importing and Exporting Medicinal Cannabis Products to Australia

In terms of the unfolding cannabis market, all eyes are on a handful of countries who have begun the process of decriminalizing the plant and its derivative products at varying degrees. Australia is considering law reform around cannabis use. Medicinal cannabis is permitted under Australia's legal framework, and import channels are open to opportunistic entrepreneurs looking for new opportunities in this exciting market. Currently, there's potential for exporting cannabis oil products to a medical community in need. Cannabis oil: popularity and uses A spotlight has been placed on cannabis oils by the medical community, and businesses are responding to this popularity. Global perception of this plant has changed in waves. Many governments are reconsidering their stance on the plant and its derivative products after identifying cannabis’ medical successes and the economic opportunity as a result of increased global demand. Australia, an agricultural powerhouse, has been reviewing its cannabis laws with a view to introducing a new market to its high-performing economy, and provide access to patients in need. Australian cannabis laws Currently, Australia permits the medicinal use of cannabis in all six of its states. Cultivation for medicinal and research purposes was legalized in 2016 by the Narcotic Drugs Amendment Act. Outside of this legislation, each state administers its own specific legislation around cannabis use and possession, and they vary slightly between them. Low levels of possession for personal use have not garnered much attention. However, some state laws...

5 Tips for Building a Successful Cannabis Business in Colombia

5 Tips for Building a Successful Cannabis Business in Colombia

Over the last two years, Colombia has provided a hub for cannabis businesses of all shapes and sizes and from all over the world. Since the law reform in 2017, Colombia has granted 338 licenses and, in doing so, has brought over 120 businesses to its shores. Colombia has attracted cannabis businesses for a number of reasons. Not only does it have favorable laws, but cheap production costs, a skilled agriculture sector and an advantageous climate, make Colombia an optimal environment for growers. From 2019, Colombia intends to produce 40.5 tons of medicinal cannabis a year, more than any other country. This trail-blazing plan will certainly make up a large portion of the 2025 global industry valuation of $USD 63 billion.  Having introduced a number of businesses to the Colombian cannabis industry, we outline 5 tips our most successful clients have applied to their operations.  Cannabis in Colombia - Use a Market Entry Specialist  Market entry specialists are useful to any business coming into a new region or market, but they demonstrate further value when the industry is a new one. Before entering the market, the business model must be set out clearly in your mind and on paper. Being early to the market is great, but being a first-mover with a cobbled-together business plan will only result in problems later on.  Know the competitors and know your consumers. With the help of a market entry specialist, you can learn about your new commercial landscape and ensure your business is constantly up to date.  Form a cannabis business plan For years, the cannabis industry in...

Potential of the Medicinal Cannabis Industry in Colombia

Potential of the Medicinal Cannabis Industry in Colombia

Colombia, as many now know, is the hot spot for a revolutionary agricultural boom: cannabis is moving in, and businesses investing in this versatile plant are setting themselves up for enduring returns on their investments. There’s still a great deal of potential in the health sector for medicinal cannabis; only some of the plant’s properties have been tested, and only for some uses. While Colombia’s cannabis legislation is still restricted to medicinal and scientific uses, we look at the potential for this plant going forward. Colombia - Why is medicinal cannabis popular? Pharmaceutical companies searching for new solutions are turning to cannabis to seek results. The plant is garnering credit within the medical community and research is being carried out regarding its potential utility in the health sector. Research and experimenting with this drug hasn’t finished yet. However, cannabis’ newfound fame in the health sector is drawing the attention of businesses, medical professionals, and governments alike. Colombian cannabis regulations Most of the world has been watching Colombia’s progress with cannabis since it decriminalized the plant in 2017. The country stood up a trailblazing legislative framework to support the agricultural production and manufacture of cannabis and its derivatives for medicinal and scientific purposes.  To do this, the country introduced 4 permits businesses can apply for to conduct cannabis-related activities in the country: Cultivation of non-psychoactive cannabisç Cultivation of psychoactive cannabis Use of cannabis seeds Manufacture of...

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