President-appointed (Vice President) Salvador Nasralla believed Honduras would pay off its external and internal debt with four years of cannabis production.
The proposal by the leader of Honduras’ Salvador Party (center, populist) involves selling the medicinal part (CBD) of the herb produced in the Central American country to markets in the United States and Europe.
Nasralla defended the feasibility of his proposal, noting that Panama and Costa Rica have already established the production of cannabis for export.
He also mentioned that growing Cannabis sativa would create 170,000 jobs.
On Aug. 31, Panama became the eleventh Latin American and Caribbean country to legalize the medicinal use of cannabis by presidential decree.
Argentina, Chile, Colombia, Ecuador, Jamaica, Panama, Paraguay, Peru, Puerto Rico, and Uruguay had previously done so.
With information from Sputnik
More: Latin America news in English, every day from The Rio Times.
Live Market IntelligenceCrypto — Live Market Board
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Crypto — Live Market Board
-0.57%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 75,316 | -0.57% | -28.06% | 75,748 | 75,316 | 74,508 | 17,212,377,088 |
| ETH | 2,146 | -4.04% | -40.08% | 2,236 | 2,146 | 2,118 | 9,241,544,704 |
| SOL | 87.92 | -1.95% | -46.54% | 89.67 | 87.92 | 86.31 | 2,012,636,928 |
| XRP | 1.12 | -3.27% | -52.51% | 1.16 | 1.12 | 1.11 | 1,895,416,704 |
| BNB | 690.06 | -0.75% | -30.79% | 695.24 | 690.06 | 683.31 | 1,297,458,688 |
| ADA | 0.18 | -1.93% | -69.23% | 0.18 | 0.18 | 0.17 | 171,533,056 |
| DOGE | 0.07 | -2.28% | -61.02% | 0.07 | 0.07 | 0.07 | 570,924,864 |
| AVAX | 8.05 | -2.04% | -54.72% | 8.22 | 8.05 | 7.91 | 204,201,584 |
| LINK | 10.60 | -2.07% | -33.44% | 10.82 | 10.60 | 10.38 | 219,782,032 |
| DOT | 0.88 | -2.43% | -72.98% | 0.90 | 0.88 | 0.86 | 52,595,680 |
| LTC | 50.91 | -2.30% | -53.80% | 52.11 | 50.91 | 49.97 | 168,480,368 |
| BCH | 242.15 | -2.87% | -51.88% | 249.31 | 242.15 | 238.45 | 151,034,368 |
| TRX | 0.32 | -0.18% | +9.71% | 0.32 | 0.32 | 0.32 | 248,897,360 |
| XLM | 0.15 | -1.84% | -48.15% | 0.15 | 0.15 | 0.15 | 107,519,016 |
| HBAR | 0.07 | -0.29% | -62.14% | 0.07 | 0.07 | 0.07 | 38,757,620 |
| NEAR | 3.65 | -2.22% | +18.98% | 3.73 | 3.65 | 3.57 | 523,891,488 |
| ATOM | 1.33 | -3.34% | -55.27% | 1.37 | 1.33 | 1.30 | 27,093,566 |
| AAVE | 129.46 | -1.61% | -39.04% | 131.58 | 129.46 | 125.73 | 181,681,904 |
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error