Is CBD Oil Legal In Peru?
There’s no doubt you’ve seen it: CBD is everywhere. And, after all, why not? Millions of users and some scientific evidence have indicated that CBD has a potential to help users with a wide variety of physical and mental challenges. This has driven the compound to all new heights of popularity, with revenue estimates guessing that CBD will generate $1 billion by the end of 2020 before growing to an astonishing $20 billion in 2024.
The popularity of CBD is partially a result of changing government laws. Governments across the world have come to the appropriate conclusion that CBD is not marijuana – while they both come from the cannabis plant, CBD lacks the THC (tetrahydrocannabinol, which is the chemical component of marijuana which results in the “high” feelings) concentrations to result in intoxication. As a result, many governments have changed their laws and regulations surrounding CBD.
One such example is the country of Peru.
Is CBD Oil Allowed In Peru?
Yes, CBD oil is legal in Peru. Peru never explicitly ruled that the drug was illegal for commercial purposes, and as recently as 2018, the country was awarding approvals for companies to market the compound in the country. For example, in November 2018, Khiron Life Sciences announced that they had received approval to market four CBD products in the country, including cosmetic CBD.
Furthermore, new regulations in 2019 gave further clarity to Peru’s emerging CBD market, ensuring it’s growth and stability in the years to come. These regulations set forth the procedures for farming, marketing and the sale of medical marijuana. The regulations were created with the input of private companies, including Plena Global Holdings, thus ensuring private sector input.
The regulations also created a registry of medical marijuana users and gave universities were the ability to ask for permission to research cannabis.
Medical Marijuana In Peru
Medical Marijuana has been legal in Peru since 2017. The effort was given a great deal of support as a result of the advocacy of Ana Alvarez. Alvarez’s son suffers from Lennox-Gastaut syndrome and a variety of other physical challenges; in response to her son’s illness, Alvarez formed Searching For Hope, a group dedicated to helping children like her son.
Alvarez ran a home lab which manufactured CBD Oil for other sick children, and the lab was raided by police. As a result, Alvarez lobbied Peru’s legislative body to legalize medical marijuana, and Peru did just that, allowing for the drug to be produced, imported and sold in the country.
Patient regulations came out about a year after the legislation passed. Conditions covered include neuropathic pain, chemotherapy after-effects, spasticity caused by multiple sclerosis and certain forms of pediatric epilepsy.