Regulatory, economic and pandemic-related hurdles have held up Latin America’s success as a global exporter of cannabis.
In an enticing live panel, Cantor Fitzgerald Analyst Pablo Zuanic interviewed experts from the region in order to get a clear understanding of the current state of affairs.
“The trend is positive in the continent,” said Alfredo Pascual, Cannabis Analyst at MJ Business Daily. “But it’s just starting.”
Domestic Markets Are Off to a Slow Start
“I would start by saying that there is no developed market in Latin America as what you can see in the US or Canada,” said Pascual.
While many countries in Latin America have passed some kind of cannabis legislation, that hasn’t yet translated into active markets in the region. This is especially true for five of the six countries that make up 80% of the region’s GDP: Argentina, Brazil, Chile, Mexico and Peru.
Colombia is the only example from that group where a domestic…