Business

Brazil’s medical cannabis market set to light up

Despite strict laws and rules from federal regulators, companies believe Brazil could become one of the world's leading medical cannabis markets

venezuela Brazil's medical cannabis market set to light up
Photo: Dmytro Tyshchenko/Shutterstock

Despite Brazil’s restrictive cannabis laws, the country is on course to become a billion-dollar market and a reference for the medical cannabis manufacturing industry. This is the view of Andres Fajardo, president of cannabis multinational Clever Leaves, and his firm is not alone in its optimism about Brazil’s medical marijuana potential. 

HempMeds Brasil — the first company to obtain permission to import cannabinoid-based medicines before health regulator Anvisa allowed domestic firms to import, produce and sell these pharmaceuticals locally last year — has recently launched new brand Hezium, specifically targeted at the Brazilian market.

And the growth is fostering...

Access all of The Brazilian Report

Less expensive than a coffee!

Enjoy your 30-day limited-time offer for US$ 0.25 a week