Argentina could generate up to US$ 1.697 billion with the cannabis industry if proper regulations were implemented for medicinal and recreational uses. The figure is part of the report "The Other Money Laundering: The Impact of Cannabis in Argentina", by experts Rolando García Bernado and Nicolás José Rodríguez, who highlight the economic potential of the sector.

The study was carried out in collaboration with the Chamber of Cannabis and Industrial Hemp Industry (CAINCCA) and local universities. Together, they provide a comprehensive view of the impact that cannabis in Argentina could have on its economy.

The report estimates that proper cannabis regulation could generate US$ 441 million annually in taxes. Specifically, the medicinal cannabis market could reach US$ 834 million, with a tax collection of US$ 216 million.

This potential revenue would fund important infrastructure projects, such as the construction of thousands of kilometers of roads, hundreds of daycares and maternity wards, as well as public laboratories and highly complex surgery rooms.

The study also concludes that the cannabis sector in Argentina could generate approximately 62,000 full-time jobs. "This study shows that the development of cannabis can be a significant economic driver, capable of creating jobs and attracting investments," says García Bernado, to El Planteo Portal.

Regulatory Challenges for the Cannabis Market

The absence of a comprehensive regulatory framework is a fundamental obstacle to the full development of the industry. The report points out that the current regulations have been insufficient, limiting competition and forcing patients to resort to the informal market.

"The absence of a regulated national market limits the benefits that cannabis can offer to society," comments Nicolás Rodríguez. "With proper regulation, Argentina would not only reduce its dependence on imports but also strengthen local production."

The document, commissioned by the newly created CAINCCA, proposes recommendations to consolidate the cannabis value chain in Argentina. "Our goal is to help the industry reach its true potential, generating jobs, investments, and tangible benefits for society," highlights Luis Osler, chamber president.

International Lessons for Local Growth

The analysis includes comparisons with more advanced cannabis markets in other countries, highlighting how their public policies enabled sector growth. Like these nations, Argentina could strengthen its economy and expand access to quality products.

Proper regulation for the cannabis industry in Argentina would benefit not only public health but also promote social well-being and the country's economic development.

With information from El Planteo