Prohibition Partners report 9 July
Last month, the Uruguayan government’s intentions to legalise edible non-psychoactive cannabis (CBD) products came to light. The proposed changes to current regulations would allow the production of edibles for both domestic and international sales. Exports, in particular, are a vital element of the country’s cannabis industry, with Uruguay already having exported to several countries around the world including Germany and Australia, as highlighted in The Latin America and Caribbean Cannabis Report: Second Edition.
Other major changes would include the participation of Mutualistas, a type of collective and affordable health insurance according to Carlos Lavaca, head of the country’s new National Medicinal and Therapeutic Cannabis Program. Nicolás Martinelli, the government’s official adviser on the cannabis industry, aims to propel Uruguay to the forefront of the global industry once again, just as it did back in 2013 when adult-use cannabis was legalised.
New Commercial Opportunities
Other goals include making financial transactions easier for cannabis businesses, as well creating a hemp-related project and potentially also becoming an Industrial Free Trade Zone in the future, signalling the Uruguayan government’s clear commitment to boosting the country’s cannabis industry.
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Uruguay is on the Cusp of Legalising and Commercialising CBD Edibles
