By Terry Hacienda, The Fresh Toast
In the news today regarding the famous canal – but what about Panama and marijuana?
Panama is the only place in the world where the sun rises in the Pacific Ocean and sets in the Atlantic Ocean. It is slightly smaller than South Carolina but has more bird species than the continental United States. It’s also home to many natural attractions, including whitewater rafting, snorkeling, and birding. Long a friend, it was the first Latin American country to use the US dollar as its currency. Now it is the news with the new administration. Considering the talk here, what about Panama and cannabis?
In September 2022, the Panamanian government established regulations to support the implementation of Law 242. These regulations created a National Directorate for the Monitoring of Activities Related to Medical Cannabis, which operates under the Ministry of Public Security. This body is responsible for overseeing the cultivation, production, and distribution of medical cannabis products, ensuring patient data protection and product traceability from cultivation to sale. The Ministry of Health (MOH) is tasked with issuing licenses for manufacturing and commercializing cannabis products, with an initial cap on manufacturing licenses set at seven for the first five years. Regulations aim to ensure that all medical cannabis produced in Panama adheres to strict quality standards.
Panama has one of the fastest growing economies in Latin America and has as stable government. Like the United States, it is a republic and engages the public. They have evaluated cannabis as a benefits and have moved to integrating into their healthcare.
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