Paraguay Exports Cannabis Flower To Switzerland In Historic First
Paraguay first adopted a national industrial hemp legalization measure back in 2019, and the South American nation recently passed a historic milestone by making its first legal export of cannabis flowers to Switzerland.
“The Paraguayan Chamber of Industrial Cannabis proudly announced the first export of 100% Paraguayan industrial cannabis flowers, known as Kuñatai, to Switzerland. This flower, registered with specific cultivars, stands out for its high quality and purity, meeting the rigorous standards required by the Swiss market and opening doors for expansion to other destinations in Europe.” reported Sechat in its local coverage (translated from Portuguese to English).
“The export of Kuñatai to Switzerland represents a significant step forward for Paraguay on its path to internationalizing its cannabis industry.” the outlet also stated.
Paraguay’s international cannabis industry pursuits come at a time when nearly six dozen nations around the world have adopted medical cannabis legalization measures, many of which now import and export medical cannabis products.
Additionally, Uruguay, Canada, Malta, Luxembourg, Germany, and South Africa have adopted adult-use cannabis legalization measures, although none of those countries currently permit the importation of recreational cannabis products and all adult-use cannabis is produced domestically either by individuals for personal use or by local companies.
Regional adult-use cannabis commerce pilot trials are also currently operating in the Netherlands and Switzerland. Pilot trials are also expected to launch in Germany soon. Two dozen states in the United States have adopted recreational cannabis legalization measures, although cannabis remains prohibited at the federal level in the U.S.
Analysts at Research and Markets estimate that “the global cannabis cultivation market was valued at USD 43.52 billion in 2023 and is anticipated to record steady growth over the forecast period, with a CAGR of 5.25% through 2029.”
