{"id":59921,"date":"2023-03-22T18:21:14","date_gmt":"2023-03-22T22:21:14","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/brazil-to-rule-whether-businesses-can-plant-cannabis-potentially-opening-passage-to-legal-cultivation-59921"},"modified":"2023-03-22T18:21:14","modified_gmt":"2023-03-22T22:21:14","slug":"brazil-to-rule-whether-businesses-can-plant-cannabis-potentially-opening-passage-to-legal-cultivation","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/brazil-to-rule-whether-businesses-can-plant-cannabis-potentially-opening-passage-to-legal-cultivation-59921","title":{"rendered":"Brazil to rule whether businesses can plant cannabis, potentially opening passage to legal cultivation"},"content":{"rendered":"
\n

A Brazilian appeals court has agreed to rule on whether companies and farmers can plant cannabis<\/a> in the country, which could open the door to legal cultivation for medicinal and industrial purposes after legislative efforts stalled in recent years.<\/p>\n

The decision by the Superior Court of Justice (STJ), Brazil’s top appeals court for non-constitutional matters, was made public on March 14 and established its jurisdiction for a nationwide precedent regarding the import of seeds and planting of cannabis.<\/p>\n

Now, all pending cases regarding permission to plant cannabis in the country will be frozen until the STJ makes a final and biding decision, two lawyers following the case said.<\/p>\n

JERRY GARCIA MARIJUANA BRAND PULLS OUT OF CALIFORNIA AMID THRIVING BLACK MARKET, HIGH TAXES<\/u><\/strong><\/a><\/p>\n

Brazil allows the sale and production of cannabis products, but companies must import the key ingredients.<\/p>\n

The court’s final ruling on cannabis, expected within the next year, could make it a trailblazer on a topic spurned by many in Brazil’s conservative-leaning Congress, like the Supreme Court’s<\/a> 2011 ruling paving the way for same-sex marriage.<\/p>\n

Brazil has banned growing Cannabis sativa L, the plant that makes hemp and marijuana. Researchers and cannabis firms have argued that Brazil’s tropical climate is ideally suited to make it a leading global supplier.<\/p>\n

Advocates argue the ban on growing domestically raises the final cost of medicines to the consumers who must rely on imports.<\/p>\n

“Congress is a little afraid to decide on the cannabis issue, as it is a controversial one,” said Arthur Arsuffi, a lawyer representing biotech start-up DNA Solucoes em Biotecnologia in the case before the STJ. “So that has put off a decision and, given the number of lawsuits, the judiciary ends up having to settle the issue.”<\/p>\n

RHODE ISLAND DEMOCRATS SEEK TO DECRIMINALIZE \u2018MAGIC MUSHROOMS\u2019<\/u><\/strong><\/a><\/p>\n

DNA has brought a civil lawsuit arguing for the right to import seeds and plant cannabis with higher levels of cannabinoids such as cannabidiol (CBD) and less tetrahydrocannabinol (THC), a psychoactive component in the plant. Hemp, which has less than 0.3% THC and far more CBD, has been touted by some advocates as beneficial for treating health conditions such as childhood epilepsy.<\/p>\n

Jose Bacellar, chief executive of pharmaceutical firm VerdeMed, said courts may now lead the way on cannabis policy, as they did in Canada.<\/p>\n

However, Bacellar said there were risks associated with the STJ ruling on such a complex matter, which he said would be best settled by a bill in Congress to legalize hemp plantations.<\/p>\n

Victor Miranda, a lawyer, said the STJ’s decision to set precedent on the matter was consistent with Brazilian jurisprudence<\/a> and gave no clear sign of how it would ultimately rule on the merits of the case.<\/p>\n

“It is hard to speculate on the result,” Miranda said. “But a STJ ruling is a sign that the court is worried about this matter.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/world\/brazil-rule-whether-businesses-plant-cannabis-potentially-opening-passage-legal-cultivation <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Brazilian appeals court has agreed to rule on whether companies and farmers can plant cannabis in the country, which could open the door to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-59921","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nBrazil to rule whether businesses can plant cannabis, potentially opening passage to legal cultivation - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/brazil-to-rule-whether-businesses-can-plant-cannabis-potentially-opening-passage-to-legal-cultivation-59921\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil to rule whether businesses can plant cannabis, potentially opening passage to legal cultivation - 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