Argentina's newly established regulatory body for cannabis is supervising numerous research and development initiatives with the aim of entering the potentially profitable market for cannabis exports. By 2025, the Argentine government aims to generate $500 million in domestic cannabis sales and $50 million in exports. Although the recreational use of cannabis is prohibited, individuals in Argentina can cultivate their plants for medicinal purposes. The government is considering expanding the number of private companies authorized to manufacture cannabis, as this industry has significant… Read more.
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Argentina's new cannabis watchdog is overseeing more than 50 projects related to the research and development of cannabis and is establishing a regulatory framework as it bids to enter the potentially lucrative weed export market. "The industry has incredible potential," said Gabriel Gimenez, director of the ARICCAME cannabis agency created in January this year, last week. He said 51 regulated research and development projects are currently taking place around the country, including Cannava in Jujuy province, Agrogenetica Riojana in La Rioja,… Read more.