Argentina sets high hopes for cannabis exports with budding new agency

Argentina recently launched 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 exports, generating fresh income for the South American nation.

"This opens the door for Argentina to start a new path in terms of industrial exports, on the basis of huge global demand," said Economy Minister Sergio Massa in a conference launching the national hemp and cannabis agency, ARICCAME. "All this needs to be transformed into an industry which generates work, which generates exports for Argentina and which generates value."

Massa said that the agency would begin regularizing programs and coordinating with various provinces and industrial sector starting January 26, adding Argentina already counted on demand for projects linked to the agro-industrial sector.

Francisco Echarren, who will lead the agency, said the industry could generate thousands of new jobs, as well as create technological developments and new products for export.


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