Cannabis
Panama And Cannabis
In the news today regarding the famous canal – but what about Panama and marijuana?
Panama is the only place in the world where the sun rises in the Pacific Ocean and sets in the Atlantic Ocean. It is slightly smaller than South Carolina but has more bird species than the continental United States. It’s also home to many natural attractions, including whitewater rafting, snorkeling, and birding. Long a friend, it was the first Latin American country to use the US dollar as its currency. Now it is the news with the new administration. Considering the talk here, what about Panama and cannabis?
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The economy of Panama is based mainly on the tourism and services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Services include banking, commerce, insurance, container ports, and flagship registry, medical and health. Enjoy a significant number of travelers who enjoy adventure, outdoor activities and chilling, the country’s stance on marijuana is evolving.
The government envisions creating a robust local industry that not only meets domestic needs but also positions Panama as a potential hub for international medical cannabis trade. While they are making advancements in medical cannabis regulation, recreational use remains illegal in Panama. The law against recreational cannabis is often unenforced, leading to a culture where its use is tolerated among the youth. Both the public and tourist find it an easy atmosphere.
Panama has one of the fastest growing economies in Latin America and has as stable government. Like the United States, it is a republic and engages the public. They have evaluated cannabis as a benefits and have moved to integrating into their healthcare.