The bill regulating the production of cannabis for medicinal use went well in the Senate commissions and the illusion of a smooth passage through Congress and the results are encouraging San Juan. The fact is that when the law is regulated the province will become one of the pioneers in making and being able to sell cannabis-derived products.
Last Wednesday, July 7th, the commissions of Agriculture, Livestock and Fishing; Budget and Finance; and Internal Security and Drug Trafficking approved the text, presented by the ruling party. The positive votes came from both Frente Todos and Juntos por el Cambio and only one senator from Río Negro, Alberto Weretilneck, opposed it. With this support from both political sides, it is expected that in the Upper House the results will also be positive. The session will be in the middle of the week and from there it may pass to the Chamber of Deputies.
Read more about the legalization of cannabis in San Juan and find other important cannabis news with the Hemp.im mobile app.
There is political will, as stated by several national officials, to get it out of Congress quickly and to regulate cannabis
With this good legislative augury, the private companies and the public company Canme are already moving in the province so that everything is ready for the productive law. Currently, there are two international companies working in the site and, according to the vice-president of the state-owned company Ariel Lucero, negotiations are still in progress with other companies.
For the time being, the private companies are only authorized to carry out research and they are taking on labor and starting with the work to prepare their lands. Before the end of July they estimate that all of them will be setting up the first greenhouses and planting the first varieties of cannabis, which do not have psychoactive effects but can only be used medicinally.
If the law is passed, Lucero explained, it will not be difficult to convert the enterprises that are now doing research into producers for commercialization. International investors are waiting for this novelty and hope that once the legal framework is in place, the number of interested parties will increase.
The two companies that have already received their plots are weeding, building the base works for the greenhouses, and making the electrical connections. In the meantime, Canme SJ is making progress in the perimeter enclosure of the property. Medical cannabis is giving work to San Juan people before it can be produced for export, when they believe that the favorable economic impact will be very important.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Huarpe, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ A2 Hosting Affiliates Review]
Something's brewing in the Right to Repair space. Lawmakers are increasingly law-making. DIY fixer upperers are increasingly fixer uppering. And,...
Why the Carbon Credit Market Is Not Working
The Carbon Brief analysis focused on 34 companies that alone used 38 million tons of carbon dioxide over the period...
Recrowd, Real Estate Lending Platform, Finally Gets European Authorization
Recrowd adopts a distinct approach for less sophisticated investors, limiting their investments to under €1,000 or 5% of their net...
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...