The National Administration of Medicines, Food and Medical Technology (ANMAT), the Argentine entity responsible for controlling drugs and medical treatments in the country,  on Tuesday approved the use of 85 treatments for "compassionate" use of cannabinoid-based facts.

So far this year, the ANMAT has authorized 85 patients to import medicinal products derived from marijuana for compassionate use. Mostly cannabidiol oil, the main component of the cannabis sativa plant, popularly known as marijuana.

The head of the ANMAT, Carlos Chiale, confirmed to the Health Commission of the Chamber of Deputies that Argentine entity has already authorized the entry of 85 bottles of products with cannabidiol in the last 6 months.

A cannabis producing and processing company based in California has been selling and shipping a range of their products to UK customers. They also ship to other countries where the import and export of the cannabis flower is illegal, such as Brazil, Spain and Germany. This is the first time a cannabis-derived product has been shipped on an international scale, and the products have been reaching UK customers with no problem – but before you start to fret, everything is completely legal.

PharmaCielo will open curative cannabis production in Colombia with crops in Antioquia. Its president, Jon Ruiz, received the first government license.

In the coming days, Jon Ruiz, president and CEO of PharmaCielo Colombia Holdings will receive the first license to be issued in Colombia to grow, process, and sell marijuana for medicinal purposes. A business without precedent in legal history. The company, Colombo-Canadian, plans to plant 600 hectares of cannabis in Rionegro, Antioquia, to produce natural oils that keep more than 98% of the active elements of the plant.

However, sales of recreational cannabis in pharmacies is no consensus in the trade sector, such as the Association of Chemistry and Pharmacy of Uruguay (AQFU), which has communicated to its various partners "it is not the place to sell  this drug" in contrast to the provisions of the current law.

Today official sources reported that the Uruguayan government finalized the details to begin the sale of marijuana for recreational use in some 50 pharmacies across the country starting July, following the adoption in 2013 of a law that regulates the production and sale of the grass.

Although in the country no one was penalized, and a decree was signed in December regulated its use for medicinal purposes, only a law could protect the initiative.

The House of Representatives, for lack of a quorum, suspended the approval of the bill that would put the country at the same level of Chile, Puerto Rico and Uruguay on issues of use and consumption of marijuana for medicinal purposes.

Senator Juan Manuel Galan, speaker for the project, said that the law shall regulate the planting, cultivation and distribution of cannabis and medicinal products based on this plant.

On social media, an image on the alleged enactment of Law 14 of May 19, 2016 is circulating, which regulates the activities and use of controlled substances for medical and scientific purposes and in which allegedly the use of medicinal marijuana is approved in Panama.

For a Latin American narcotics kingpin, Guillermo Delmonte cuts a low key figure. The 29-year-old Uruguayan has never smoked cannabis in his life. He’s never smoked a cigarette either, and he barely drinks. When asked if he has any vices, he has to pause to think. “I’m addicted to orange juice. Perhaps,” he eventually says with a bemused laugh.

Sitting in his minimalist office overlooking Montevideo’s main square, and wearing an open-necked Ralph Lauren shirt and expensive blue jeans, he looks every bit the fitness-obsessed executive.

Buenos Aires has a unique cannabis business, where the business consists of everything except the cannabis itself.

Ignacio Goyret, the owner of the Basta de Lobby Shop, explains that he sells almost everything concerning cannabis, 99 percent.

"I don't touch seeds, and that's the remaining one percent," he said. 

Sales of seeds and products with THC, the active chemical in cannabis, is illegal.

Courts have tolerated possession for personal use and, in specific cases, have recently allowed medicines containing THC.

There are no restrictions on the sale of flower pots, fertilizer and other equipment to grow marijuana.

Nevertheless, if police find the plants, there will be problems with the law.

While a 1986 law allowed for the manufacture, export, sale and medical and scientific use of marijuana, the practice was, until Tuesday, never formally regulated.Current law already allows possession of up to 20 grams of marijuana or cultivation of up to 20 marijuana plants for personal use.

Colombia joins countries from Mexico to Chile for legalization on marijuana

With the new rules, Colombia joins countries from Mexico to Chile that have experimented with legalization or decriminalization as part of a wave of changing attitudes toward drug use and policies to combat it in Latin America.The proponents of medical marijuana claim that up to 400,000 Colombian citizens can use cannabis products to treat symptoms of epilepsy and other illnesses.

Daily Stock Reporter is issuing a report on four stocks to watch. VAPE, HEMP, TRTC, and CBIS have been added to our watchlist yesterday.