IBOV 176,195 ▲ 2.00% IPSA 10,989 ▼ 0.33% IPC MEX 66,526 ▲ 0.63% MERVAL 3,228,760 ▲ 0.82% COLCAP 2,292.02 ▼ 0.03% BVL PERÚ 56,194.27 ▲ 1.21% USD/BRL5.10▼ 0.24% USD/MXN17.47▼ 0.41% USD/CLP924.49▼ 0.34% USD/COP3,245▼ 2.94% USD/PEN3.40▼ 0.16% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.84▼ 0.97% BRENT 75.68 ▼ 0.81% WTI 71.20 ▼ 1.22% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.01% GOLD 4,115 ▼ 0.37% SILVER 60.20 ▼ 0.29% SOY 1,189 ▲ 0.74% CORN 457.00 ▲ 6.84% WHEAT 647.50 ▲ 5.93% COFFEE 338.20 ▼ 5.25% SUGAR 14.90 ▼ 1.46% ORANGE JUICE 144.25 ▼ 3.77% COTTON 80.87 ▲ 6.18% COCOA 6,140 ▼ 2.68% BEEF 233.45 ▼ 0.77% CATTLE 352.53 ▼ 1.02% LITHIUM 72.29 ▼ 0.73% PETR4 39.46 ▲ 0.64% VALE3 74.07 ▲ 1.26% ITUB4 43.62 ▲ 2.42% BBDC4 18.53 ▲ 2.94% ABEV3 15.85 ▲ 0.83% BBAS3 20.31 ▲ 1.55% B3SA3 15.36 ▲ 3.85% WEGE3 46.44 ▲ 1.53% PRIO3 55.35 ▼ 0.47% SUZB3 41.51 ▲ 1.17% RENT3 40.36 ▲ 2.44% AZZA3 18.94 ▲ 2.60% CSAN3 4.01 ▲ 3.89% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.96 ▲ 0.76% PSSA3 54.10 ▲ 1.41% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.94 ▲ 1.09% NATU3 8.53 ▲ 0.83% BRKM5 6.49 ▲ 2.04% RANI3 7.96 ▲ 1.27% CSNA3 5.08 ▲ 5.83% CMIN3 5.00 ▲ 3.52% USIM5 8.43 ▲ 0.96% GGBR4 22.87 ▲ 1.73% ENEV3 26.85 ▲ 2.48% CPFE3 47.22 ▲ 2.01% CMIG4 11.29 ▲ 1.90% EQTL3 40.41 ▲ 2.28% LREN3 14.72 ▲ 4.03% VIVT3 35.41 ▲ 2.64% RAIL3 13.88 ▲ 0.95% KLABIN 17.47 ▲ 0.40% RAIA DROGASIL 18.76 ▲ 3.47% RDOR3 35.91 ▲ 2.16% HAPV3 10.52 ▲ 4.47% FLRY3 16.22 ▲ 2.98% SMTO3 15.97 ▼ 0.50% UGPA3 30.61 ▲ 1.69% VBBR3 32.60 ▲ 1.56% BBSE3 39.81 ▲ 1.35% BPAC11 57.09 ▲ 2.53% CURY3 33.76 ▲ 3.24% AERI3 2.08 ▲ 0.97% VIVARA 23.24 ▲ 2.92% COMPASS 24.90 ▲ 0.89% VAMOS 3.02 ▲ 2.03% SANB11 27.15 ▲ 3.43% ASAI3 8.75 ▲ 3.43% SBSP3 30.82 ▲ 2.73% WALMEX 49.35 ▲ 0.67% GMEXICO 196.74 ▲ 0.72% FEMSA 223.61 ▲ 0.56% CEMEX 21.99 ▲ 1.29% GFNORTE 188.02 ▲ 1.44% BIMBO 56.25 ▲ 0.57% TELEVISA 9.60 ▲ 1.16% AMX 23.01 ▲ 1.63% GAP 409.65 ▼ 0.98% ASUR 284.06 ▲ 0.16% OMA 234.50 ▼ 1.47% KOF 182.52 ▲ 0.90% GRUMA 285.48 ▲ 1.02% KIMBER 38.35 ▼ 0.23% SQM-B 67,500 ▼ 2.32% COPEC 6,040 ▲ 0.33% BSANTANDER 78.45 ▲ 1.23% FALABELLA 5,883 ▲ 0.55% ENELAM 84.72 ▲ 0.67% CENCOSUD 2,042 ▼ 0.71% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.52 ▲ 0.81% LATAM AIR 26.29 ▼ 0.42% YPF 74,250 ▼ 2.01% GGAL 8,130 ▲ 3.17% PAMPA 5,160 ▼ 0.86% TXAR 662.50 ▼ 0.30% ALUAR 972.00 ▲ 0.36% TGS 9,485 ▲ 1.88% CEPU 2,325 ▲ 0.43% MIRGOR 17,250 ▲ 0.29% COME 45.64 ▲ 0.48% LOMA NEGRA 3,510 ▲ 0.36% BYMA 310.00 ▲ 0.08% TELECOM ARG 4,153 ▲ 0.79% ECOPETROL 15.39 — 0.00% BANCOLOMBIA 82.95 ▲ 2.49% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 399.29 ▲ 1.88% SOUTHERN COPPER 174.82 ▲ 0.22% BUENAVENTURA 30.02 ▲ 1.59% MERCADOLIBRE 1,855 ▲ 2.62% NUBANK 13.80 ▲ 0.95% XP 16.94 ▲ 3.20% PAGSEGURO 9.27 ▲ 2.94% STONE 11.16 ▲ 1.78% GLOBANT 30.21 ▼ 3.45% TECNOGLASS 44.05 ▲ 2.11% GAP AIRPORT 234.26 ▼ 0.09% ASUR 284.06 ▲ 0.16% OMA AIRPORT 107.52 ▼ 0.75% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 127.83 ▲ 0.65% CEMEX ADR 12.57 ▲ 1.58% PETROBRAS ADR 17.14 ▲ 0.65% VALE ADR 14.47 ▲ 1.72% ITAU ADR 8.54 ▲ 3.14% SANTANDER BR 5.36 ▲ 4.18% AMBEV ADR 3.09 ▲ 1.64% CSN 1.01 ▲ 5.79% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.46 ▼ 1.03% BTC 63,930 ▲ 1.17% ETH 1,789 ▲ 2.56% SOL 78.08 ▲ 0.04% XRP 1.10 ▲ 0.77% BNB 573.30 ▲ 0.85% ADA 0.17 ▼ 0.19% DOGE 0.07 ▲ 1.47% AVAX 6.72 ▲ 0.56% LINK 7.91 ▲ 2.34% DOT 0.87 ▲ 5.81% LTC 44.67 ▲ 2.07% BCH 249.50 ▲ 4.93% TRX 0.33 ▼ 0.46% XLM 0.19 ▲ 1.17% HBAR 0.07 ▲ 0.43% NEAR 1.89 ▼ 1.27% ATOM 1.58 ▲ 1.75% AAVE 95.30 ▲ 4.43% SELIC 14.25% EMBRAER 84.73 ▲ 1.04% EMBRAER ADR 66.33 ▲ 1.21% JBS 11.88 ▲ 1.24% JBS BDR 60.59 ▲ 0.90% MBRF3 15.77 ▲ 2.34% MBRFY 3.03 ▲ 1.00% INTER 5.81 ▲ 1.75% EGX 52,312 ▲ 0.54% USD/ZAR16.29▼ 0.24% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.31▼ 0.66% USD/CNY6.76▼ 0.42% DAX 25,036 ▼ 0.33% CAC 8,313 ▼ 0.17% FTSE 10,490 ▲ 0.16% MIB 52,553 ▲ 0.33% IBEX 19,380 ▲ 0.30% STOXX 640.39 ▼ 0.07% EUR/USD1.14▲ 0.11% GBP/USD1.34▲ 0.19% SPX 7,560 ▲ 0.21% DJI 52,631 ▲ 0.27% NDX 29,769 ▲ 0.14% RUT 2,970 ▼ 0.77% TSX 35,235 ▲ 0.10% VIX 15.57 ▼ 1.70% USD/CAD1.41▼ 0.25% US10Y 4.5550 ▲ 0.35% IBOV 176,195 ▲ 2.00% IPSA 10,989 ▼ 0.33% IPC MEX 66,526 ▲ 0.63% MERVAL 3,228,760 ▲ 0.82% COLCAP 2,292.02 ▼ 0.03% BVL PERÚ 56,194.27 ▲ 1.21% USD/BRL 5.10 ▼ 0.25% USD/MXN 17.49 ▼ 0.34% USD/CLP 924.85 ▼ 0.31% USD/COP 3,241 ▼ 3.06% USD/PEN 3.39 ▼ 0.18% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.84 ▼ 0.96% BRENT 75.68 ▼ 0.81% WTI 71.20 ▼ 1.22% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.01% GOLD 4,115 ▼ 0.37% SILVER 60.20 ▼ 0.29% SOY 1,189 ▲ 0.74% CORN 457.00 ▲ 6.84% WHEAT 647.50 ▲ 5.93% COFFEE 338.20 ▼ 5.25% SUGAR 14.90 ▼ 1.46% ORANGE JUICE 144.25 ▼ 3.77% COTTON 80.87 ▲ 6.18% COCOA 6,140 ▼ 2.68% BEEF 233.45 ▼ 0.77% CATTLE 352.53 ▼ 1.02% LITHIUM 72.29 ▼ 0.73% PETR4 39.46 ▲ 0.64% VALE3 74.07 ▲ 1.26% ITUB4 43.62 ▲ 2.42% BBDC4 18.53 ▲ 2.94% ABEV3 15.85 ▲ 0.83% BBAS3 20.31 ▲ 1.55% B3SA3 15.36 ▲ 3.85% WEGE3 46.44 ▲ 1.53% PRIO3 55.35 ▼ 0.47% SUZB3 41.51 ▲ 1.17% RENT3 40.36 ▲ 2.44% AZZA3 18.94 ▲ 2.60% CSAN3 4.01 ▲ 3.89% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.96 ▲ 0.76% PSSA3 54.10 ▲ 1.41% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.94 ▲ 1.09% NATU3 8.53 ▲ 0.83% BRKM5 6.49 ▲ 2.04% RANI3 7.96 ▲ 1.27% CSNA3 5.08 ▲ 5.83% CMIN3 5.00 ▲ 3.52% USIM5 8.43 ▲ 0.96% GGBR4 22.87 ▲ 1.73% ENEV3 26.85 ▲ 2.48% CPFE3 47.22 ▲ 2.01% CMIG4 11.29 ▲ 1.90% EQTL3 40.41 ▲ 2.28% LREN3 14.72 ▲ 4.03% VIVT3 35.41 ▲ 2.64% RAIL3 13.88 ▲ 0.95% KLABIN 17.47 ▲ 0.40% RAIA DROGASIL 18.76 ▲ 3.47% RDOR3 35.91 ▲ 2.16% HAPV3 10.52 ▲ 4.47% FLRY3 16.22 ▲ 2.98% SMTO3 15.97 ▼ 0.50% UGPA3 30.61 ▲ 1.69% VBBR3 32.60 ▲ 1.56% BBSE3 39.81 ▲ 1.35% BPAC11 57.09 ▲ 2.53% CURY3 33.76 ▲ 3.24% AERI3 2.08 ▲ 0.97% VIVARA 23.24 ▲ 2.92% COMPASS 24.90 ▲ 0.89% VAMOS 3.02 ▲ 2.03% SANB11 27.15 ▲ 3.43% ASAI3 8.75 ▲ 3.43% SBSP3 30.82 ▲ 2.73% WALMEX 49.35 ▲ 0.67% GMEXICO 196.74 ▲ 0.72% FEMSA 223.61 ▲ 0.56% CEMEX 21.99 ▲ 1.29% GFNORTE 188.02 ▲ 1.44% BIMBO 56.25 ▲ 0.57% TELEVISA 9.60 ▲ 1.16% AMX 23.01 ▲ 1.63% GAP 409.65 ▼ 0.98% ASUR 284.06 ▲ 0.16% OMA 234.50 ▼ 1.47% KOF 182.52 ▲ 0.90% GRUMA 285.48 ▲ 1.02% KIMBER 38.35 ▼ 0.23% SQM-B 67,500 ▼ 2.32% COPEC 6,040 ▲ 0.33% BSANTANDER 78.45 ▲ 1.23% FALABELLA 5,883 ▲ 0.55% ENELAM 84.72 ▲ 0.67% CENCOSUD 2,042 ▼ 0.71% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.52 ▲ 0.81% LATAM AIR 26.29 ▼ 0.42% YPF 74,250 ▼ 2.01% GGAL 8,130 ▲ 3.17% PAMPA 5,160 ▼ 0.86% TXAR 662.50 ▼ 0.30% ALUAR 972.00 ▲ 0.36% TGS 9,485 ▲ 1.88% CEPU 2,325 ▲ 0.43% MIRGOR 17,250 ▲ 0.29% COME 45.64 ▲ 0.48% LOMA NEGRA 3,510 ▲ 0.36% BYMA 310.00 ▲ 0.08% TELECOM ARG 4,153 ▲ 0.79% ECOPETROL 15.39 — 0.00% BANCOLOMBIA 82.95 ▲ 2.49% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 399.29 ▲ 1.88% SOUTHERN COPPER 174.82 ▲ 0.22% BUENAVENTURA 30.02 ▲ 1.59% MERCADOLIBRE 1,855 ▲ 2.62% NUBANK 13.80 ▲ 0.95% XP 16.94 ▲ 3.20% PAGSEGURO 9.27 ▲ 2.94% STONE 11.16 ▲ 1.78% GLOBANT 30.21 ▼ 3.45% TECNOGLASS 44.05 ▲ 2.11% GAP AIRPORT 234.26 ▼ 0.09% ASUR 284.06 ▲ 0.16% OMA AIRPORT 107.52 ▼ 0.75% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 127.83 ▲ 0.65% CEMEX ADR 12.57 ▲ 1.58% PETROBRAS ADR 17.14 ▲ 0.65% VALE ADR 14.47 ▲ 1.72% ITAU ADR 8.54 ▲ 3.14% SANTANDER BR 5.36 ▲ 4.18% AMBEV ADR 3.09 ▲ 1.64% CSN 1.01 ▲ 5.79% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.46 ▼ 1.03% BTC 63,930 ▲ 1.17% ETH 1,789 ▲ 2.56% SOL 78.08 ▲ 0.04% XRP 1.10 ▲ 0.77% BNB 573.30 ▲ 0.85% ADA 0.17 ▼ 0.19% DOGE 0.07 ▲ 1.47% AVAX 6.72 ▲ 0.56% LINK 7.91 ▲ 2.34% DOT 0.87 ▲ 5.81% LTC 44.67 ▲ 2.07% BCH 249.50 ▲ 4.93% TRX 0.33 ▼ 0.46% XLM 0.19 ▲ 1.17% HBAR 0.07 ▲ 0.43% NEAR 1.89 ▼ 1.27% ATOM 1.58 ▲ 1.75% AAVE 95.30 ▲ 4.43% SELIC 14.25% EMBRAER 84.73 ▲ 1.04% EMBRAER ADR 66.33 ▲ 1.21% JBS 11.88 ▲ 1.24% JBS BDR 60.59 ▲ 0.90% MBRF3 15.77 ▲ 2.34% MBRFY 3.03 ▲ 1.00% INTER 5.81 ▲ 1.75% EGX 52,312 ▲ 0.54% USD/ZAR 16.30 ▼ 0.06% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.51 ▼ 0.52% USD/CNY 6.7645 ▼ 0.40% DAX 25,036 ▼ 0.33% CAC 8,313 ▼ 0.17% FTSE 10,490 ▲ 0.16% MIB 52,553 ▲ 0.33% IBEX 19,380 ▲ 0.30% STOXX 640.39 ▼ 0.07% EUR/USD 1.1435 ▲ 0.01% GBP/USD 1.3418 ▲ 0.10% SPX 7,560 ▲ 0.21% DJI 52,631 ▲ 0.27% NDX 29,769 ▲ 0.14% RUT 2,970 ▼ 0.77% TSX 35,235 ▲ 0.10% VIX 15.57 ▼ 1.70% USD/CAD 1.4139 ▼ 0.19% US10Y 4.5550 ▲ 0.35%
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Brazil Life & Society

Six facts you should know about medical cannabis in Brazil

By · September 19, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – Medical cannabis has become a hot topic in recent years. While some governments have finally made the first move towards medical cannabis legalization, other countries update their cannabis regulations with more comprehensive ones. Brazil, too, has started taking part in this trend.

On the one hand, cannabis remains a controversial debate in Brazil. As a country of longstanding prohibitionist tradition and one ruled by a government of highly conservative morale, Brazil still remains a long way from more liberal cannabis regulation.

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On the other hand, while recreational cannabis is quite a stigma in Brazil’s government plan, the medical cannabis debate advances in many spheres. Much of this results from the action of civil society, scientists, and the market.

For years, these actors have been responsible for helping democratize access to medical cannabis (even before it was legal in Brazil), releasing fundamental data on the subject, and pressuring authorities towards a more liberal regulatory framework.

Below are six essential facts confirming that the medical cannabis discussion is much more advanced in Brazil society than most people imagine.

medical cannabis in Brazil
Unlike the recreational marijuana debate, the medical cannabis one has gained considerable room in the public agenda in recent years. Photo: Wikimedia Commons.
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1) A Bill Aims to Legalize Cannabis Cultivation for Medical Purposes

While the production and sale of cannabis medicines have been legal in Brazil since 2019, legal cannabis cultivation is not yet a reality. Bill 399/2015, however, is committed to changing this. Updated in 2020, Bill 399/2015 foresees the legalization of cannabis cultivation for medical and scientific purposes.

It also establishes the conditions for entities allowed to grow the plant, such as laboratories, research institutes, and patient associations. Although the bill has already passed in the Chamber of Deputies, it still needs to be approved by the Senate and sanctioned by President Bolsonaro.

While the bill faced resistance in the Lower House and will likely experience obstacles in the future phases, Pro-bill lawmakers are confident it will get enacted and become law.

2) A patients’ association grows cannabis for medical purposes since 2017 – it is legal, safe, and helps over 14,000 People

A non-profit organization located in the northeastern state of Paraíba, ABRACE remains the only patients’ association in Brazil allowed to grow cannabis for medical purposes. Authorized by Brazil’s court since 2017 and growing Brazilian strains only, ABRACE (the Brazilian Association of Support “Cannabis Hope”) supplies CBD oil for over 14,000 patients from all over Brazil.

While some patients get the oil for free, others pay around R$80 for a 30ml flask, which is quite affordable compared to cannabis oils available in pharmacies (roughly US$400): because ABRACE represents the only legal alternative to expensive and imported cannabis medicines, it is constantly receiving more patients.

3) At least 21 NGOs are supporting medical cannabis patients

While ABRACE is the most structured and the only one allowed to grow cannabis, at least 21 other non-profit organizations in Brazil are actively fighting to democratize access to medical cannabis in the country. For example, in Rio de Janeiro, APEPI was this close to getting the cultivation permit last year.

In Paraíba, other than ABRACE, alternative associations also make a difference for cannabis patients needing accessible CBD treatment, such as AMPARA. The scene is dynamic in São Paulo, relying on ACuCa, Cultive, and Flor da Vida. There are many more cannabis associations spread across Brazil, and you can learn more about it with this article by Sechat.

4) This Brazilian university is known worldwide for its scientific research on cannabidiol

When it comes to scientific production on the medical properties of cannabidiol, the University of São Paulo (USP) is a world leader. Released in mid-2020, the study “Global Trends in Cannabis and Cannabidiol Research from 1940 to 2019” places USP (more precisely, the Medical School campus at Ribeirão Preto, some 300 km from the capital) as the institution that has published the highest number of academic work that is relevant to the field.

According to this study, USP Ribeirão Preto has published over two times more scientific research on cannabidiol than King’s College London, the second-placed in this ranking.

5) The Brazilian scientist who inaugurated the debate

If today, Brazil has such a prestigious position in scientific research on medical cannabis, this has everything to do with the legacy of Doctor Elisaldo Carlini. Having returned to Brazil in 1962 after he finished his master’s in Psycho-Pharmacology at Yale, Carlini was the first Brazilian academic to investigate the therapeutic effects of THC and CBD.

In over 50 years of his career, Carlini was a true activist in favor of medical cannabis legalization. He passed away last year and is considered one of the most prominent scientists of medical cannabis of all time.

6) Medical cannabis is inspiring new market initiatives

According to Forbes, if Bill 399/2015 gets enacted, the medical cannabis sector in Brazil can generate over US$5 billion in revenue by 2025. The projections for the industry could not be better, inspiring new businesses to enter the market and found a dynamic medical cannabis ecosystem.

The increasing number of startups related to medical cannabis is surprising. Some of them are: the Dogons, a research & development startup focused on CBD-based infusion probiotics; the biotech Entourage Phytolab; and the health tech Proprium.

Furthermore, since May this year, Brazilians have been allowed to invest in medical and recreational cannabis funds through Vitreo, the first Brazilian fintech to offer a cannabis investment fund for its clients.

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