The blurb says…. There are high hopes for this region, with unmatched cost-benefit possibilities, a strategic location and an internal market that could lead to high demand from a population expected to surpass the 700 million mark during the current decade. LAC also benefits from low-cost labour and construction costs, meaning that the overall cost of production can be up to 80% lower than that of North America 

Growing cannabis in LAC is therefore a high-yield and high-margin package, and the region is fast recognising its own potential to become a major player in the hemp and cannabis industry worldwide.

THE LATIN AMERICA AND CARIBBEAN CANNABIS REPORT: SECOND EDITION

Cannabis has been present in Latin American countries for centuries. The Latin America and Caribbean Cannabis Report investigates pioneering legalisation from Colombia and Uruguay, joined in some degree by Argentina, Brazil, Chile, Ecuador, Paraguay, Peru, Jamaica, Trinidad and Tobago, and St Kitts. They are all following the path of decriminalisation and with many taking steps towards full legalisation. There are high hopes for the region, with unmatched cost-benefit possibilities, a strategic location and an internal market that could lead to high demand from a population expected to surpass the 700 million mark during the current decade.

There are high hopes for this region, with unmatched cost-benefit possibilities, a strategic location and an internal market that could lead to high demand from a population expected to surpass the 700 million mark during the current decade. LAC also benefits from low-cost labour and construction costs, meaning that the overall cost of production can be up to 80% lower than that of North America.

Growing cannabis in LAC is therefore a high-yield and high-margin package, and the region is fast recognising its own potential to become a major player in the hemp and cannabis industry worldwide. Our deep-dive into this area investigates the reasons behind the regions newly developed growth analysing legislation, production, innovation, the market and much more.

 

The Latin America and Caribbean Cannabis Report: Second Edition examines:

  • Total trade between Latin American countries and China has increased from US$17 billion in 2002 to over US$315 billion in 2019.
  • A gram of cannabis bud is worth between US$0.5 and US$0.8 in Colombia, whereas in Canada the same amount can cost US$2.14.
  • The LAC cannabis industry, has an estimated market value 2020: US$168 million which looks set to grow to US$824 million by 2024.