New laws in Brazil, Argentina could signal ‘radical shift’ in global markets

Proposed laws on the cusp of passage in Brazil and Argentina could lead to “a radical change in the global dynamics of production of industrial hemp and medicinal cannabis,” according to Latin America’s leading hemp industry group.

Lorenzo Rolim da Silva, president of the Latin-American Industrial Hemp Association said if the new cannabis laws are enacted, they will let the two countries realize their full potential in international markets.

“Both designs are quite robust and modern, and would bring both countries in line with current regulations in the European Union and North America,” Rolim da Silva said.