Psychedelics

HCN Investigates – In 2013, Uruguay became the first country to legalize recreational cannabis. Recreational cannabis is now widely available in this nation, but other countries in Latin America have been slow to follow suit. At present, Uruguay remains the only Latin American nation to have legalized recreational cannabis, and while certain neighboring nations have adopted medical cannabis policies, prohibition remains the default stance toward cannabis in Latin America. In this guide, we’ll explore recent evolutions in the Latin American cannabis industry, investigate sources of funding used by Latin American cannabis entrepreneurs, and predict how this region’s cannabis industry might evolve over the next few years. (Image above: Michael Tompsett/Etsy) ...

HCN Investigates – Cannabis Funding Details in Latam. With the notable exceptions of Uruguay and Colombia, the Latin American cannabis industry remains in its infancy. While Latin American cannabis will likely be worth more than $10 billion in a few years, investment into this blossoming market is relatively slow-going. Recently, the Colombian export agency ProColombia announced that more than $400 million has been invested into the Colombian cannabis industry, which is no mean sum. Compared to the $2 billion Canadian recreational cannabis industry, however, Colombia has a long way to go. (Graphic: Viviana Hershey) Cash flow within the Latin American cannabis industry In stark contrast to the European cannabis industry, ...