Medicinal cannabis: the details of the project that the industry seeks to regulate

With the presentation of the Minister of Productive Development, Matias Kulfas, the national government today presented a bill that establish the regulatory framework for the development of the cannabis medicinal and industrial hemp in Argentina. The initiative, according to government sources THE NATION, creates the conditions for the development of the chain at a global level, and takes as a basis the lessons of pioneer countries.

Given the growth of the market for medicinal cannabis and industrial hemp, the Government presented the initiative that will be sent to the National Congress for its legislative treatment. From the Bicentennial Museum, Kulfas said: “We see a window of opportunity for Argentina.” In this sense, the head of the Productive Development portfolio stressed: “The country has the conditions to be an important producer, mainly because it has a global agricultural leadership and because of its industrial capacities and its productive scientific framework.”

In the Economic and social Council, Kulfas presented the project accompanied by the Minister of Health, Carla Vizzotti; the Secretary of Strategic Affairs of the Presidency of the Nation, Gustavo Beliz; the presidential adviser, Cecilia Nicolini; the Minister of Agriculture, Livestock and Fisheries, Louis basterra; and the Minister of Science, Technology and Innovation, Roberto Salvarezza.

“This is a concrete proposal to put Argentina on its feet,” said Kulfas, while Beliz, who led the opening, said: “We aspire for this project to reflect the importance it has for our country.”

Also – virtually – the governor of the province of San Luis, Alberto Rodríguez Saá; the governor of the province of La Rioja, Ricardo Quintela; the governor of the province of Jujuy, Ricardo Morales; Conicet researchers and other industry references.

“Since we took over management, we knew we had an outstanding debt”said Vizzotti, who stressed that the most important thing is to have been able to pay off that debt with civil society. “All this was done to guarantee more access to health and to continue expanding rights,” emphasized the Minister of Health of the Nation.

“International experience shows that the chain of hemp and medicinal cannabis has a greater growth potential if it is regulated by the State, to avoid diversions to the illegal market and guarantee the traceability of processes and products with medicinal destination”, they analyzed from the administration by Alberto Fernández when we have the information.

According to the projections made by the portfolio led by Matías Kulfas, It is estimated that by 2025 the medical cannabis industry will generate 10 thousand new jobs, about US $ 500 million in annual sales to the domestic market, and about US $ 50 million in annual exports..

Sources from the Ministry of Productive Development detailed that the project contemplates the creation of a baptized control agency Regulatory Agency of the Hemp and Medicinal Cannabis Industry (ARICCAME). Among its functions, the ARICCAME will regulate, administer and supervise the entire production chain of cannabis and hemp.

Likewise, the agency created within the framework of this bill will grant and administer authorizations for the production and commercialization of medicinal cannabis, with special attention to SMEs, cooperatives and regional economies, according to information revealed by the Government. In addition to being made up of the Ministry of Productive Development, ARICCAME will be made up of the national ministries of Health, Agriculture, Livestock and Fisheries, Science and Technology, and Security.

Minister Kulfas also explained that among the expected positive impacts of this law, “we expect better access to healthcare, creation of quality employment, exports and generation of foreign exchange from sales abroad; increased knowledge, intensive activities; federal development, the activity that can be carried out in many provinces of the country (those in the north offer the possibility of converting part of the tobacco sector); supplier development, the development of agriculture 4.0 and technological equipment, knowledge and productive derivatives ”.

The bill will not legislate approvals for medical or therapeutic use, process that will continue to be subject to the National Administration of Medicines, Food and Medical Technology (ANMAT). Self-cultivation is not included in this initiative either and it will continue its regiment by law 25,350. Cannabis for recreational use is out as well.

So far, more than 50 countries have some form of legalization of the medicinal and industrial use of cannabis. Israel, Canada and the United States are the leaders at the global level, while Uruguay and Colombia advance in the region. The projection for the international market is more than US $ 42 billion by 2024, ten times higher than the numbers of a decade ago.


Conocé The Trust Project
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

You May Also Like

About the Author: tkumar1415

Leave a Reply

Your email address will not be published. Required fields are marked *