Panama Hands Out Seven Medical Marijuana Business Permits

Panama Hands Out Seven Medical Marijuana Business Permits

Panama legalized medical cannabis in 2021.

The Central American nation of Panama has awarded medical marijuana business licenses to seven companies, another step towards launching the nation’s cannabis market.

The National Directorate of Pharmacy and Drugs selected the permit winners, the first since Panama legalized medical cannabis more than two years ago in 2021, MJBizDaily reported, citing the Spanish language news outlet the Panama News Agency.

The winning companies are:

Canna Med Panama
Consorcio Adeiwa Pharma
Consorcio Ecovid
Consorcio Green Med
Consorcio Panamericana de Cannabis
Consorcio Tilray Panama
Farma Verde Corp

Panamanian President Laurentino Cortizo issued a pair of decrees in 2022 to establish rules for the new industry. The orders:

Set qualifying medical conditions for patients to legally purchase cannabis.
Established that physicians can only prescribe cannabis after special training.
Set up a patient registry.
Named the Directorate as the lead regulatory agency.
Set up a program to monitor the new trade.

The seven winning companies now will be allowed to engage in both imports and exports of medical cannabis, as well as grow and sell medical marijuana domestically.

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