Argentina targets $500m in cannabis sales and 10,000 jobs as it eyes up export market

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Dozens of projects related to the research and development of cannabis are being overseen by Argentina's new marijuana watchdog as it looks to enter the potentially lucrative weed export market.

Argentina's government says it is hoping to achieve $500m in domestic cannabis sales and $50m in exports by 2025.

Recreational use is still banned but people can grow their own plants for medicinal use and authorities now want to allow more private firms to produce the drug. "The industry has incredible potential," said Gabriel Gimenez, director of the newly created cannabis watchdog. He said 51 regulated research and development projects were currently taking place around the country and the National Seed Institute has given the green light to 13 traceable types of seed.The country currently allows

-derived products in pharmacies and has ordered insurers to cover prescriptions for marijuana-based medications.It started cultivation in 2021 of pharmaceutical-grade cannabis at an experimental station in Buenos Aires province.Pablo Fazio, president of the Argentine Chamber of Cannabis and Pampa Hemp's co-founder, said demand could ignite a new domestic industry for products made from the raw material.

 

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The Falklands are British

Give us a job

Yet the UK are still stuck in the stone ages, it’s about time our government woke tf up, and realised the potential cannabis has for oil country.

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