Market research and cannabis consultancy company Brightfield Group on Tuesday released a report analyzing the current state of the Latin American cannabis market. The report focuses on looking at each country’s legislation, to assess their potential consumer markets.
Too Green For The Green Rush?
The report analyses the situation of the cannabis industry in Chile, Mexico, Colombia, Brazil, Argentina, Peru and Uruguay. It’s important to point out that these countries only account for seven out of the 20 countries that make up the region.
A region overview by the Brightfield Group states that, although many Latin American countries are developing policies that will eventually lead to legal marijuana markets, the business opportunities behind these markets are limited. According to the study, the results derived from today’s authorized medical and recreational marijuana markets are “unlikely to provide significant market potential in the …