With the intention of strengthening the industrial cannabis sector in Paraguay, the Minister of Industry and Commerce, Javier Giménez, recently visited a factory dedicated to the production, industrialisation and elaboration of products derived from this plant.
This meeting is part of a broader strategy that includes meetings and concrete actions to promote the development of the sector at a national level.
One of the main objectives is to update current regulations, specifically the legal limit of THC allowed in industrial cannabis, currently set at 0.5%, reported the Industrial Cannabis Chamber of Paraguay.
This reform seeks to align itself with international examples, such as that of the United States, where the cannabis industry has proven to be an important source of tax revenue thanks to the regulation and supervision of authorised dispensaries.
The Paraguayan Chamber of Industrial Cannabis is working together with various state institutions to propose legal changes that would allow the elimination of the current THC limit. This would be done by maintaining strict production, inspection and marketing controls through authorised dispensaries, guaranteeing safe and legal access to finished products.
Paraguay has already managed to position its industrial cannabis in highly competitive international markets, including the United States, Canada, Costa Rica, Brazil, the Netherlands, the United Kingdom and Lithuania, among others. In addition, at the local level, it has dispensaries strategically distributed to facilitate consumer access to legal and quality products.
The updating of the legal framework not only represents an opportunity to diversify the national economy, but also to generate jobs, attract investments and consolidate the country as a benchmark in the production and export of industrial cannabis.
