fbpx
QQQ
+ 0.00
299.01
+ 0%
DIA
+ 0.00
299.22
+ 0%
SPY
+ 0.00
363.71
+ 0%
TLT
+ 0.00
160.22
+ 0%
GLD
+ 0.00
167.77
+ 0%

Argentina To Open First Industrial Park For Cannabis Cultivation, Processing

August 12, 2020 4:05 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

San Pedro will soon open Argentina’s first industrial park for the production of cannabis and its derivatives, pending certain approvals from the country's federal government.

The project will take the form of a public-private initiative, in collaboration with the company Clúster Agroindustrial y Tecnológico del Cannabis. The joint venture will operate within the framework established by Law 27,350/17 and its forthcoming regulations.

The idea is to offer a space for the entire supply chain around cannabis to prosper, helping private companies to connect with the academic sector and develop new products.

The project will not only focus on the therapeutic use of cannabis, but also on the production of food, cosmetic products, textiles, building materials and bioplastics derived from the plant.

According to Pablo Fazio, president of the newly formed entity, the municipality of San Pedro was already making progress on a similar project when his company connected with Mayor Cecilio Salazar – whom he defines as a pioneer in the development of the cannabis industry in Argentina.

From a shared vision, the new initiative arose. The intent was to join forces to face political resistances, with the idea of ​​generating an all-encompassing project.

“We have a strategic location, equidistant from the most important ports in the country; we have professionals and labor skilled in intensive crops; and we have high hopes in the reactivation of the agro-industrial sector due to its role within the region’s economy, with great job-creation potential,” explained Salazar.

Fazio added that the project was presented to the Ministry of Productive Development of the Nation and other government entities several months ago, and the reception was highly positive.

“We are making a bet on the regulatory and normative framework evolving and generating the conditions necessary for the objectives that we propose in the project to be carried out. We are positive about the enormous expectation that it will generate among countless people interested in launching different initiatives in Argentina,” he told Benzinga.

The municipality of San Pedro has favorable soil and climate conditions for growing cannabis, as well as privileged access to large ports and urban centers in the country.

"The community has been very interested in this issue since we began to raise it and there is great interest in advancing it, because there are many cases of families that today are finding positive responses with this type of treatment," added the Mayor.

Finally, they explained that the project is committed to hosting civil organizations that need to cultivate and produce for community or solidarity purposes.

“This is probably one of the most ambitious cannabis projects in Latin America, where the State assumes a central role as coordinator, facilitator and organizer of the activity, generating the appropriate incentives for the private sector to find the most conducive environment to develop their activities, innovate, create added value, produce and go out to put Argentina in an important place in the global cannabis industry,” concluded Fazio.

Lead image by Ilona Szentivanyi. Copyright: Benzinga.


Related Articles

5 Fun Facts You Might Not Know About Mike Tyson

Mike Tyson is known by nicknames like “Iron Mike,” “Kid Dynamite” and “The Baddest Man on the Planet.” He is well known in the sports world and has ventured into the business world as well. Here are five facts you may not know about Mike Tyson. read more

Cannabis Movers & Shakers: Cannabis Growth Opportunity, Bhang, CanaFarma Hemp, Amfil Technologies

Here is a summary of the latest company shakeups within the cannabis industry. 3 Execs Exit Cannabis Growth Opportunity Investment company Cannabis Growth Opportunity Corporation (CSE: CGOC) has parted ways with several executives. read more

Detroit OKs Adult-Use Marijuana Licenses With Benefits For 'Legacy Detroiters'

Detroit has approved an ordinance that green-lights the licensing process for adult-use marijuana businesses. read more

Her Highness Enters Nevada Market Via Body And Mind Partnership

Women-centric cannabis brand Her Highness is expanding into Nevada through a production licensing partnership with MSO Body and Mind Inc. (CSE: BAMM). Her Highness products are now available across Nevada dispensaries. read more

Tyson Hypes Smart Cups Ahead Of Jones Fight, Tells Benzinga It's 'Disrupting Beverage Industry'

Boxing legend Mike Tyson has inked a long-term, multi-million-dollar deal with Smart Cups, a company that makes 3D-printed, single serve drinks. In an exclusive interview with Benzinga, Tyson revealed he’s been using Smart Cups to train for his exhibition against Roy Jones Jr., scheduled to take place this Thanksgiving weekend on Nov. 28. read more