Global Ganja Report

Latin America is at the forefront of the global wave of cannabis law reform, according to a new report from a DC-based industry analyst. New Frontier Data sees a $9.8 billion market in the region, with big expansion potential for both exports and serving local consumption. 

Over the past two years, the Latin American cannabis industry has "emerged from the shadows" to command the attention of international firms and investors. Legal cannabis sales within the region are on track to reach $125 million in 2018—but that figure is expected to rise to $12.7 billion by 2028.

With Canada now joining Uruguay as the second country to legalize cannabis at the national level, industry eyes are scanning the world map for which could be the likely third. Latin America may provide the candidate, as even UN experts now urge the region's governments to consider legalization as a way out of the endemic narco-violence. But pressure for legal cannabis is fast mounting in several European countries as well. Legalization may soon be on the legislative agenda in Australia, while New Zealand has promised to put the questions before the voters. 

A year after legal cannabis first went on sale in Uruguay, it is still only available at a small handful of pharmacies. One particularly ironic obstacle has emerged: Uruguay's banks face US sanctions under the Patriot Act if they do any business with the country's legal cannabis industry. So a measure passed by the US Congress to crack down on criminal and terrorist networks that use drug profits is actually helping to keep cannabis under the control of criminal networks.

For the second year in a row, Brazil has witnessed a deadly prison riot on the first day of the year. A death toll of nine is reported from the central state of Goias. One inmate was decapitated. The violence began New Year's Day afternoon at the rural penitentiary in the outskirts of the state capital, Goiania. Rival criminal factions clashed, broke the barriers of the compound and escaped, by the BBC News account.

Brazilian federal police on Dec. 28 announced the arrest of José González Valencia, one of the top leaders of the Jalisco New Generation Cartel (CJNG)—the criminal machine that in recent years has risen to challenge the Sinaloa Cartel for control of Mexico's narco trade. Valencia, known as "Chepa" or "El Camarón" (The Shrimp), was arrested at Aquiraz, a resort near the coastal city of Fortaleza, where was spending the Christmas holidays with his family. Authorities said Valencia had been living in Bolivia for two years after fleeing Mexico, and had entered Brazil as a tourist on a Bolivian passport.

Back in September, Brazilian army troops were deployed to quell fighting between rival drug gangs in Rocinha, the most notoriously violent of Rio de Janiero's favelas—the informal urban settlements in the north of the city, virtually abandoned by the government for anything other than militarized anti-drug operations. On Dec.

Brazil's ongoing favela wars have taken a dramatic turn for the bloody—prompting the government to send military troops into Rio de Janiero's notorious Rocinha. This is the most violent of the city's sprawling favelas—informal urban settlements virtually abandoned by the government for anything other than militarized anti-drug operations. The army on Sept. 22 deployed nearly 1,000 troops in Rocinha, responding to a request from the Rio state government, Defense Minister Raul Jungmann told local TV.