Argentina Embraces Science: Invests US$106 million In Nationwide Cannabis and Hemp R&D Projects
Argentina has created a government-organized technology company, Conicet, aimed at advancing medical cannabis and industrial hemp research and development. Beunos Aires wants to “federalize” research in order to develop a local and export cannabis economy which it believes could be worth US$550 million in the years ahead.
12 January 2023 at 14:00:00
Hemp Today reports that Argentina’s Ministry of Science said it will invest more than $106 million in 13 research and development projects in hemp and cannabis across six provinces.
National and provincial governments, municipalities, civil society organizations, NGOs, and cooperatives are to receive funding under the program, which also is to establish an Industrial Hemp Round Table.
Minister of Science Daniel Filmus emphasized the initiative “aims at federalizing research projects in the topics that we consider central from Conicet and the Ministry.”
In addition to Conicet, a government-organized technology company established to advance the industrial hemp and medical cannabis sectors, the investment project includes the University of Buenos Aires, the National University of Litoral, and the National University of Hurlingham.
Argentina’s law establishing a legal framework for the cultivation, production, distribution and commercialization of cannabis products, derivatives and seeds was passed early last year. The law advances a whole-plant strategy for hemp that aims to exploit the crop for its health and environmental benefits in addition to its potential for economic development.
Potential $500 million
It also eases access to cannabinoid-based medicines in a large, rapidly growing domestic consumer market currently served by imports. The hemp and medical cannabis industries in Argentina could generate 10,000 new jobs, $500 million in domestic sales and $50 million in exports annually, according to government estimates.
Oversight of Argentina’s cannabis program is under the Regulatory Agency of the Hemp and Medicinal Cannabis Industry (ARICCAME) which is coordinating other regulatory bodies involved in the production chain. ARICCAME is expected to be formalized soon.
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The Chief made his submission to Parliament on 23 May 2023, saying that local landraces were used for a variety of purposes, including industrial use. He appealed to MP's to support the Mpondoland legacy growers as they were being increasingly marginalized by cannabis reform.
Justice Dept Admits No Rational Evidence Behind Plant Limits in Cannabis Bill as State Lawyers Come Under Fire in Parliament
The Justice Department took flak in Parliament this week during stakeholder input into the Cannabis for Private Purposes Bill where it became evident that state law-makers are clueless as to what Government's intended vision for cannabis is. They remain conceptually and technically completely out of their depth - and lazy to boot as they have not bothered to bring any rational evidence to back up what is truly a pathetic legislative interpretation of the 2018 Constitutional Court ruling legalizing the private consumption of cannabis.
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