The Congress of Costa Rica's government legalized medical marijuana and the cultivation of hemp for industrial purposes on March the 1st of 2022. Legislators from Costa Rica's ruling party and several opposition groups signed off on the bill, which President Carlos Alvarado applauded as being "of great benefit to Costa Rica." The intention is to boost the country's COVID-battered economy and reduce illegal demand for Cannabis. Cannabis producers will be required to register with health institutions and agree to reviews by the Costa Rican Drug Institute. The country's trade promotion group recommended that Costa Rica enter the medical marijuana and hemp industries due to growing international demand. Legalizing medical Cannabis and industrial hemp will bring investment, generate employment, allow access to millionaire markets, and reactivate the agricultural sector, lawmaker Zoila Rosa Volio said. Industrial hemp is one of the oldest crops in the world and is used for the manufacture of textiles, food, seed oil, biofuels, medicines, and cosmetics, among others.
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SOURCES: https://www.reuters.com/business/healthcare-pharmaceuticals/costa-ricas-congress-approves-medical-marijuana-bill-2022-03-02/; https://www.blplegal.com/business-opportunities-for-the-cultivation-and-commerce-of-cannabis-in-costa-rica/