The new legislation legalizes the production of cannabis for medicinal and industrial purposes, creating a new industry that will help the recovery of Argentina’s struggling economy.
Argentina’s Congress approved a law that to create a regulatory framework for public and private investments in the production of hemp and cannabis products in early May. The bill needed to be signed by President Alberto Fernández, which he did this week.
“This is another triumph of society against hypocrisy. I lived it with the divorce law, with same-sex marriage, and with abortion. I am an inveterate fighter against hypocrisy. Today we are winning another battle,” said President Fernández.
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