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Panama awards licenses to 7 medical cannabis businesses

Seven companies in Panama were granted licenses to manufacture medical cannabis products after a lengthy evaluation by the country’s Dirección Nacional de Farmacia y Drogas, or the National Directorate of Pharmacy and Drugs.

These are the first cannabis manufacturing licenses awarded since the Central American country legalized medical cannabis in October 2021.

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According to the Panama News Agency, the seven companies are:

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

Regulations around cannabis consumption and access for therapeutic, medical, veterinary, scientific and research purpose were adopted in 2022 via two separate executive decrees by President Laurentino Cortizo.

The rules are applicable to legal companies that import, export,

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