07.08.2023 – 18:21:35
In a decree published in the Official Gazette, the government formalized the activities of the Agency for the Regulation of the Hemp Industry and Medicinal Cannabis (Ariccame), a decentralized body operating under the auspices of the Ministry of Economy.
The government has published a regulation regulating Law No. 27,669 on the production of medical cannabis and industrial hemp, effective May 2022, which will formally launch the regulatory body responsible for issuing licenses for the production of cannabis derivatives. This includes incubators, logistics services and derivatives production, as well as foreign trade.
The licenses issued will be valid for five years before being renewed and are expected to create 10,000 jobs. Thus, in terms of health, it will include from existing applications for the treatment of refractory epilepsy and for the relief of pain in patients with serious pathologies to cosmetic and dermatological applications.
By Decree 405/2023, published this Monday in the Official Gazette, the government formalized the activities of the Agency for the Regulation of the Hemp Industry and Medicinal Cannabis (Ariccame), a decentralized body that operates under the auspices of the Ministry of Economy and has already been in office since January of this year under the chairmanship of Francisco Echarrena.
“In a few days, the BO will publish a decree regulating the production of hemp and medical cannabis in the country. Thanks to the decision of Sergio Massa and the efforts of the team, the most advanced regulation in the world has been achieved. Echarren, who is also the mayor of the city of Castelli in Buenos Aires, was expected.
Ariccame, as a law enforcement agency, will also have representatives from the Ministries of Economy, Health, Security, and Science and Technology on its board. The ordinance also mandates the creation of a Federal Council for the Development of the Medical Cannabis and Cannabis Industry and an Honorary Advisory Council, which will be composed of 20 permanent members and an equal number of deputies acting ad honorem.
The regulation launched a one-stop-shop system for the hemp and medicinal cannabis industry to manage procedures related to the issuance of permits, licenses and necessary certificates, which aims to simplify procedures for small companies, which will also be especially appreciated at that time. granting licenses.
Promotion for small companies will be judged using criteria that will give preference to organizations in which most or all of the share capital comes from national sources and those in which the registered office is the same as the jurisdiction in which the activity is carried out. In addition, the ruling established a gender criterion, which assumes that women and non-binary people make up 50 percent of society.
Ariccame will provide seven types of licenses: Hatchery, Breeding and Cultivation; logistics services; production of derivatives; sale of seeds, seedlings, cuttings and flowers; for research and analytical tests; and foreign trade.