Copyright: ElPlanteo.comMore than three years have gone by since Argentina passed a law legalizing the medicinal use and research of cannabis and its derivatives. Now, the government of the South American country has issued new regulations regarding self-cultivation and safe access that were not observed by the original bill. In addition, the regulations stipulate that private, semi-private and public health care providers have to guarantee and, when befitting, subsidize the access to medical cannabis for qualifying patients, arguing the current framework makes access extremely difficult and financially exclusive. Economic ImpactAccording to Prohibition Partners, the Argentine cannabis market could hit almost $40 million in sales by 2024, growing at a 34% CAGR. “This step consolidates and validates the momentum that medical cannabis is gaining at a regional level, where almost all countries are not only regulating its use, but also defining a quality standard,” stated the entrepreneur.

Source: Forbes November 12, 2020 19:55 UTC