Brazil Votes to Legalize Marijuana

[Moe]

President Victor Romero announced at a press conference today the passing in the Brazilian Legislature of Legislative Act - 0420 - that will legalize the sale, production and use of marijuana in all Brazilian states. The law will go into affect on October 20th, six months from now. Private Companies will be able to apply for licences to produce and sell Marijuana once they pass strict guidelines governed by the new Cannabis Regulation Board headed by Señor Gutierre Blanco, whom he introduced at the press conference and let him address the press corps.

"With the passing of this legislation, the total impact for Brazil's economy from a legal weed market — including growing and distribution, pot paraphernalia, increased tourism and business taxes — would amount to between $50 billion to $100 billion annually. Not to mention an increase in new jobs about 250 to 300 thousand, from harvesters, budtenders, vape makers, paper makers, delivery people, security guards, and cashiers. The impact on society will be stunning."

 

[Moe]

President Victor Romero announced further regulations concerning the 0420 Cannabis Act. The act herby states:

Adults will be able to carry and share up to 30 grams of legal marijuana in public. They also will be allowed to cultivate up to four plants in their households and prepare products such as edibles for personal use. Consumers are expected to purchase marijuana from retailers regulated by states or -- when neither of those options are available -- federally licensed producers. Marijuana will also not be sold in the same location as alcohol or tobacco.

"It’s been too easy for our kids to get marijuana - and for criminals to reap the profits. Today, we change that," the President was quoted at the press conference.