Peru Effectively Launches Its Medical Marijuana Program
Government officials effectively launched Peru’s medical marijuana program last week with the publication of regulations for the production and distribution of medicinal cannabis. Although some rules to implement the South American nation’s 2017 law legalizing medical marijuana had been issued by decree earlier this year, they did not include guidelines for companies to apply for required licenses.
Under the new rules, licenses will be available for research, production, import, wholesale commercialization, seed production, and retail sales of cannabis. To obtain a license, applicants must submit detailed information including agricultural production plans and security protocols.
Regulators also issued rules that will allow businesses with production licenses to import seeds from other countries including Colombia. However, some regulations including the procedures for exporting medical marijuana products to other nations have not yet been issued.
“While there are always more details that regulators need to figure out, these guidelines represent the initial building blocks that will allow Peru to create a framework for companies to start capitalizing on different businesses opportunities, joining the global cannabis industry,” said Andrés Vázquez Vargas, the executive director of agricultural consulting firm ACM Peru.
“The long-awaited guidelines just published allow businesses to really start having meaningful operations in