Deputies debate the new regulatory framework for medical cannabis and industrial hemp

LIVE SESSION: H. Chamber of Deputies of the Nation – May 5, 2022

The project also includes the creation of a regulatory Agency, which will act as the governing body and articulator of the cannabis production chain and will be in charge of the multiple regulatory bodies involved: the Regulatory Agency for the Hemp and Medicinal Cannabis Industry (Ariccame). This entity will have technical, functional and financial autarchy and will orbit within the scope of the Ministry of Productive Development.

When analyzing applications for licenses to produce medicinal or industrial cannabis, the new agency will establish the requirements and background information that will be requested from the applicant, in order to “maximize the controls aimed at preventing illegal activities, including money laundering.”

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When opening the debate, the deputy of the Front of All, Mary Brawer, he highlighted the versatility of the plant: “The whole plant is used: the root, the stem, the leaves, the flowers and the seeds. More than 25,000 products are made with hemp and cannabis. That is why this law is so important.

“Our country has scientific-technological knowledge, organizations, lands and climates. A new industry is born in Argentina. We are living a historic moment.”he added.

For his part, the UCR deputy and head of the Agriculture Commission, Ricardo Buryaile, indicated: “We come to treat cannabis with medicinal uses, not with recreational uses, society is demanding empathy from us. I want to have the conviction of betting on public health.”

For her part, her partner in Together for Change, Paula Amoedoconsidered that the project “has substantive, formal and procedural problems”. “This does not mean that we are against the use of medicinal cannabis, what worries us is that in more than 12 articles a legal vacuum is left” he explained.

Meanwhile, the legislator of the Bonaerense Identity bloc, Graciela Camanoexpressed his objections, pointing out that “the State does not have policies to combat drugs or addictions”. “In this framework we come to put a new commodity under the guise of medical cannabis. It is clear that what comes next is the legalization of marijuana”said.

The regulatory framework seeks to “disrupt the informal market for oils and other irregular herbal preparations that currently exists, and end the proliferation of products that lack any type of control regarding their composition and quality.”

The medical cannabis and industrial hemp industry incorporates nearly 200 associated products and services in its value chain, that is, it opens up a multitude of options to develop service and production activities throughout Argentina.

As reported, the economic potential for the development of the activity of medicinal cannabis and industrial hemp for the year 2025 is projected at 10,000 new jobs (high percentage in R+D+i), 500 million dollars in annual sales to the domestic market and 50 million dollars in annual exports, reveal the data.

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