On Wednesday, Argentina officially launched a new government agency to help boost its cannabis industry. Known as the Hemp and Medical Cannabis Industry Regulatory Agency, ARICCAME represents “the first working group of a new national agency to regularize and promote the country’s nascent cannabis industry, which ministers hope will create new jobs and revenue-generating exports.”
On Wednesday, Argentina officially launched a new government agency to boost its medical cannabis and hemp industry.
Known as the Hemp and Medical Cannabis Industry Regulatory Agency, ARICCAME represents “the first working group of a new national agency to regularize and promote the country’s nascent cannabis industry, which ministers hope will create new jobs and revenue-generating exports for the South American nation.”
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“This opens the door for Argentina to begin a new path in terms of industrial exports, based on enormous global demand,” said the Argentine Minister for the Economy, Sergio Massa, at an event marking the launch of the new agency.
According to Reuters, “Massa said the agency would begin on Thursday to regularize programs and coordinate with the different provinces and [the] industrial sector, adding that Argentina was already counting on demand for projects related to the agribusiness sector.”
On ARICCAME’s official website, the agency describes its mission and objectives :
“We are the agency that regulates the import, export, cultivation, industrial production, manufacture, marketing and acquisition, in any capacity, of seeds of the Cannabis plant, cannabis and its derivatives for medicinal or industrial purposes.”
The website also lists the agency’s “general objectives” as:
Argentina legalized cannabis oil for medical use in 2017. Three years later, the country legalized home cannabis cultivation for patients.
The launch of the new agency is part of an effort by the Argentine government to continue reforming the medical cannabis program, something the South American country identified as a priority last year.
According to Reuters, Francisco Echarren will head the newly launched agency. In a statement, Echarren said, “the industry could generate thousands of new jobs, as well as technological developments and new products for export.”
“We have a huge challenge ahead of us,” Reuters quoted Echarren as saying, “not only in setting up a new industry but in giving millions of Argentines access to products that improve the quality of life.”
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(Featured image by Terrance Barksdale via Pexels)
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