IBOV 175,740 ▼ 1.20% IPSA 10,967 ▼ 0.81% IPC MEX 66,112 ▼ 0.58% MERVAL 3,259,522 ▼ 0.63% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL5.13▲ 0.41% USD/MXN17.52▲ 0.28% USD/CLP931.27▲ 0.69% USD/COP3,242▼ 0.11% USD/PEN3.41▲ 0.44% USD/ARS1,482▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.30▼ 0.31% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.84▲ 0.37% BRENT 82.53 ▲ 8.58% WTI 77.55 ▲ 8.60% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.57% GOLD 4,001 ▼ 2.52% SILVER 57.62 ▼ 3.66% SOY 1,199 ▲ 0.17% CORN 465.00 ▲ 6.16% WHEAT 636.75 ▲ 0.75% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.30 ▼ 7.14% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.90 ▼ 0.13% CATTLE 354.25 ▼ 0.10% LITHIUM 70.31 ▼ 2.79% PETR4 40.85 ▲ 3.03% VALE3 72.59 ▼ 2.14% ITUB4 43.62 ▼ 1.54% BBDC4 18.75 ▼ 0.58% ABEV3 15.82 — 0.00% BBAS3 20.23 ▼ 1.70% B3SA3 14.95 ▼ 3.05% WEGE3 44.50 ▼ 4.32% PRIO3 56.75 ▲ 2.34% SUZB3 41.63 ▲ 0.19% RENT3 40.24 ▼ 2.09% AZZA3 19.12 ▲ 0.10% CSAN3 3.91 ▼ 3.93% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.88 ▼ 1.98% CVCB3 1.24 ▼ 0.80% POSI3 3.91 ▼ 1.51% SLCE3 14.01 ▼ 0.07% NATU3 8.68 — 0.00% BRKM5 6.63 — 0.00% RANI3 7.94 ▼ 0.87% CSNA3 5.21 ▲ 0.58% CMIN3 5.51 ▲ 5.35% USIM5 8.36 ▼ 1.07% GGBR4 22.87 ▼ 0.61% ENEV3 26.96 ▼ 2.14% CPFE3 47.00 ▼ 1.82% CMIG4 11.09 ▼ 2.55% EQTL3 40.02 ▼ 2.18% LREN3 14.30 ▼ 2.19% VIVT3 35.06 ▼ 1.93% RAIL3 14.04 ▼ 2.23% KLABIN 17.52 ▼ 0.11% RAIA DROGASIL 18.27 ▼ 2.66% RDOR3 35.45 ▼ 1.58% HAPV3 10.37 ▼ 2.17% FLRY3 16.17 ▼ 1.52% SMTO3 16.62 ▲ 1.53% UGPA3 30.94 ▲ 0.75% VBBR3 33.04 ▲ 0.12% BBSE3 40.24 ▼ 0.27% BPAC11 57.54 ▼ 2.03% CURY3 33.32 ▼ 2.60% AERI3 2.07 ▼ 0.96% VIVARA 23.16 ▼ 1.57% COMPASS 24.76 ▼ 2.90% VAMOS 3.01 ▼ 1.63% SANB11 27.21 ▼ 1.48% ASAI3 8.65 ▼ 2.48% SBSP3 30.30 ▼ 2.60% WALMEX 49.85 ▲ 1.07% GMEXICO 195.52 ▼ 1.86% FEMSA 225.71 ▲ 1.07% CEMEX 21.61 ▼ 1.14% GFNORTE 183.00 ▼ 1.92% BIMBO 56.04 ▼ 0.11% TELEVISA 9.71 ▼ 0.21% AMX 22.96 ▲ 1.15% GAP 408.63 ▼ 0.93% ASUR 280.02 ▼ 1.79% OMA 233.43 ▼ 1.29% KOF 180.73 ▲ 0.32% GRUMA 283.03 ▼ 0.18% KIMBER 38.24 ▲ 0.45% SQM-B 67,081 ▼ 0.99% COPEC 6,089 ▼ 0.81% BSANTANDER 77.69 ▼ 1.66% FALABELLA 5,950 ▲ 0.76% ENELAM 85.00 ▼ 0.47% CENCOSUD 2,044 ▼ 0.05% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.40 ▼ 2.37% LATAM AIR 25.45 ▼ 3.08% YPF 77,150 ▲ 3.70% GGAL 8,155 ▼ 2.16% PAMPA 5,265 ▲ 1.64% TXAR 669.50 ▼ 0.22% ALUAR 973.00 ▼ 0.26% TGS 9,655 ▲ 0.63% CEPU 2,348 ▼ 2.00% MIRGOR 17,075 ▼ 1.01% COME 44.73 ▼ 2.57% LOMA NEGRA 3,528 ▼ 1.54% BYMA 308.00 ▼ 1.91% TELECOM ARG 4,230 ▼ 0.35% ECOPETROL 15.87 ▲ 1.86% BANCOLOMBIA 81.33 ▼ 1.95% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 390.23 ▼ 2.64% SOUTHERN COPPER 174.20 ▼ 0.93% BUENAVENTURA 29.74 ▼ 0.88% MERCADOLIBRE 1,871 ▲ 1.02% NUBANK 13.76 ▼ 0.04% XP 16.34 ▼ 3.43% PAGSEGURO 9.34 ▲ 0.97% STONE 11.18 ▼ 0.27% GLOBANT 32.14 ▲ 7.28% TECNOGLASS 42.30 ▼ 3.64% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.02 ▼ 1.79% OMA AIRPORT 106.59 ▼ 1.34% AMX ADR 26.17 ▲ 0.62% FEMSA ADR 128.93 ▲ 0.99% CEMEX ADR 12.35 ▼ 1.08% PETROBRAS ADR 17.87 ▲ 3.15% VALE ADR 14.11 ▼ 2.42% ITAU ADR 8.49 ▼ 1.51% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.03 ▲ 1.49% GERDAU 4.47 ▼ 0.78% LATAM ADR 54.62 ▼ 3.24% BTC 61,906 ▼ 2.91% ETH 1,756 ▼ 2.75% SOL 74.67 ▼ 2.87% XRP 1.06 ▼ 2.49% BNB 563.05 ▼ 1.90% ADA 0.16 ▼ 3.37% DOGE 0.07 ▼ 2.25% AVAX 6.43 ▲ 0.44% LINK 7.82 ▼ 2.21% DOT 0.83 ▼ 1.80% LTC 42.97 ▼ 2.27% BCH 235.30 ▼ 1.94% TRX 0.33 ▼ 1.82% XLM 0.18 ▼ 2.77% HBAR 0.07 ▼ 2.09% NEAR 1.92 ▲ 1.66% ATOM 1.53 ▼ 1.99% AAVE 94.04 ▼ 3.11% SELIC 14.25% EMBRAER 82.28 ▼ 2.74% EMBRAER ADR 64.19 ▼ 2.76% JBS 11.82 ▼ 0.76% JBS BDR 60.52 ▼ 0.43% MBRF3 15.93 ▲ 2.44% MBRFY 3.06 ▲ 1.32% INTER 5.64 ▼ 3.09% EGX 52,608 ▲ 0.67% USD/ZAR16.44▲ 0.72% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.44▲ 0.44% USD/CNY6.77▼ 0.14% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD1.14▼ 0.09% GBP/USD1.34▼ 0.22% SPX 7,518 ▼ 0.76% DJI 52,463 ▼ 0.33% NDX 29,271 ▼ 1.86% RUT 2,953 ▼ 0.82% TSX 35,272 ▼ 0.09% VIX 16.64 ▲ 10.71% USD/CAD1.41▼ 0.10% US10Y 4.6140 ▲ 0.98% IBOV 175,740 ▼ 1.20% IPSA 10,967 ▼ 0.81% IPC MEX 66,112 ▼ 0.58% MERVAL 3,259,522 ▼ 0.63% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▼ 0.39% USD/BRL 5.13 ▲ 0.41% USD/MXN 17.52 ▲ 0.28% USD/CLP 931.33 ▲ 0.70% USD/COP 3,242 ▼ 0.11% USD/PEN 3.41 ▲ 0.44% USD/ARS 1,482 ▼ 0.37% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.30 ▼ 0.31% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.30% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.84 ▲ 0.37% BRENT 82.53 ▲ 8.58% WTI 77.55 ▲ 8.60% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.57% GOLD 4,001 ▼ 2.52% SILVER 57.62 ▼ 3.66% SOY 1,199 ▲ 0.17% CORN 465.00 ▲ 6.16% WHEAT 636.75 ▲ 0.75% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.30 ▼ 7.14% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.90 ▼ 0.13% CATTLE 354.25 ▼ 0.10% LITHIUM 70.31 ▼ 2.79% PETR4 40.85 ▲ 3.03% VALE3 72.59 ▼ 2.14% ITUB4 43.62 ▼ 1.54% BBDC4 18.75 ▼ 0.58% ABEV3 15.82 — 0.00% BBAS3 20.23 ▼ 1.70% B3SA3 14.95 ▼ 3.05% WEGE3 44.50 ▼ 4.32% PRIO3 56.75 ▲ 2.34% SUZB3 41.63 ▲ 0.19% RENT3 40.24 ▼ 2.09% AZZA3 19.12 ▲ 0.10% CSAN3 3.91 ▼ 3.93% RAIZ4 0.33 ▼ 5.71% PCAR3 2.62 ▼ 4.03% GMAT3 3.94 ▼ 0.76% PSSA3 53.88 ▼ 1.98% CVCB3 1.24 ▼ 0.80% POSI3 3.91 ▼ 1.51% SLCE3 14.01 ▼ 0.07% NATU3 8.68 — 0.00% BRKM5 6.63 — 0.00% RANI3 7.94 ▼ 0.87% CSNA3 5.21 ▲ 0.58% CMIN3 5.51 ▲ 5.35% USIM5 8.36 ▼ 1.07% GGBR4 22.87 ▼ 0.61% ENEV3 26.96 ▼ 2.14% CPFE3 47.00 ▼ 1.82% CMIG4 11.09 ▼ 2.55% EQTL3 40.02 ▼ 2.18% LREN3 14.30 ▼ 2.19% VIVT3 35.06 ▼ 1.93% RAIL3 14.04 ▼ 2.23% KLABIN 17.52 ▼ 0.11% RAIA DROGASIL 18.27 ▼ 2.66% RDOR3 35.45 ▼ 1.58% HAPV3 10.37 ▼ 2.17% FLRY3 16.17 ▼ 1.52% SMTO3 16.62 ▲ 1.53% UGPA3 30.94 ▲ 0.75% VBBR3 33.04 ▲ 0.12% BBSE3 40.24 ▼ 0.27% BPAC11 57.54 ▼ 2.03% CURY3 33.32 ▼ 2.60% AERI3 2.07 ▼ 0.96% VIVARA 23.16 ▼ 1.57% COMPASS 24.76 ▼ 2.90% VAMOS 3.01 ▼ 1.63% SANB11 27.21 ▼ 1.48% ASAI3 8.65 ▼ 2.48% SBSP3 30.30 ▼ 2.60% WALMEX 49.85 ▲ 1.07% GMEXICO 195.52 ▼ 1.86% FEMSA 225.71 ▲ 1.07% CEMEX 21.61 ▼ 1.14% GFNORTE 183.00 ▼ 1.92% BIMBO 56.04 ▼ 0.11% TELEVISA 9.71 ▼ 0.21% AMX 22.96 ▲ 1.15% GAP 408.63 ▼ 0.93% ASUR 280.02 ▼ 1.79% OMA 233.43 ▼ 1.29% KOF 180.73 ▲ 0.32% GRUMA 283.03 ▼ 0.18% KIMBER 38.24 ▲ 0.45% SQM-B 67,081 ▼ 0.99% COPEC 6,089 ▼ 0.81% BSANTANDER 77.69 ▼ 1.66% FALABELLA 5,950 ▲ 0.76% ENELAM 85.00 ▼ 0.47% CENCOSUD 2,044 ▼ 0.05% CMPC 1,087 ▼ 2.01% BANCO CHILE 184.40 ▼ 2.37% LATAM AIR 25.45 ▼ 3.08% YPF 77,150 ▲ 3.70% GGAL 8,155 ▼ 2.16% PAMPA 5,265 ▲ 1.64% TXAR 669.50 ▼ 0.22% ALUAR 973.00 ▼ 0.26% TGS 9,655 ▲ 0.63% CEPU 2,348 ▼ 2.00% MIRGOR 17,075 ▼ 1.01% COME 44.73 ▼ 2.57% LOMA NEGRA 3,528 ▼ 1.54% BYMA 308.00 ▼ 1.91% TELECOM ARG 4,230 ▼ 0.35% ECOPETROL 15.87 ▲ 1.86% BANCOLOMBIA 81.33 ▼ 1.95% GRUPO AVAL 4.97 ▼ 1.97% CREDICORP 390.23 ▼ 2.64% SOUTHERN COPPER 174.20 ▼ 0.93% BUENAVENTURA 29.74 ▼ 0.88% MERCADOLIBRE 1,871 ▲ 1.02% NUBANK 13.76 ▼ 0.04% XP 16.34 ▼ 3.43% PAGSEGURO 9.34 ▲ 0.97% STONE 11.18 ▼ 0.27% GLOBANT 32.14 ▲ 7.28% TECNOGLASS 42.30 ▼ 3.64% GAP AIRPORT 233.51 ▼ 0.90% ASUR 280.02 ▼ 1.79% OMA AIRPORT 106.59 ▼ 1.34% AMX ADR 26.17 ▲ 0.62% FEMSA ADR 128.93 ▲ 0.99% CEMEX ADR 12.35 ▼ 1.08% PETROBRAS ADR 17.87 ▲ 3.15% VALE ADR 14.11 ▼ 2.42% ITAU ADR 8.49 ▼ 1.51% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.07 ▼ 0.16% CSN 1.03 ▲ 1.49% GERDAU 4.47 ▼ 0.78% LATAM ADR 54.62 ▼ 3.24% BTC 61,906 ▼ 2.91% ETH 1,756 ▼ 2.75% SOL 74.67 ▼ 2.87% XRP 1.06 ▼ 2.49% BNB 563.05 ▼ 1.90% ADA 0.16 ▼ 3.37% DOGE 0.07 ▼ 2.25% AVAX 6.43 ▲ 0.44% LINK 7.82 ▼ 2.21% DOT 0.83 ▼ 1.80% LTC 42.97 ▼ 2.27% BCH 235.30 ▼ 1.94% TRX 0.33 ▼ 1.82% XLM 0.18 ▼ 2.77% HBAR 0.07 ▼ 2.09% NEAR 1.92 ▲ 1.66% ATOM 1.53 ▼ 1.99% AAVE 94.04 ▼ 3.11% SELIC 14.25% EMBRAER 82.28 ▼ 2.74% EMBRAER ADR 64.19 ▼ 2.76% JBS 11.82 ▼ 0.76% JBS BDR 60.52 ▼ 0.43% MBRF3 15.93 ▲ 2.44% MBRFY 3.06 ▲ 1.32% INTER 5.64 ▼ 3.09% EGX 52,608 ▲ 0.67% USD/ZAR 16.44 ▲ 0.57% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.45 ▲ 0.48% USD/CNY 6.7677 ▲ 0.01% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD 1.1390 ▼ 0.25% GBP/USD 1.3360 ▼ 0.28% SPX 7,518 ▼ 0.76% DJI 52,463 ▼ 0.33% NDX 29,271 ▼ 1.86% RUT 2,953 ▼ 0.82% TSX 35,272 ▼ 0.09% VIX 16.64 ▲ 10.71% USD/CAD 1.4147 ▼ 0.04% US10Y 4.6140 ▲ 0.98%
since 2009
Monday, July 13, 2026

Brazil Life & Society

Brazil Congressman Sees Cannabis Cultivation Bill Making Progress in December

By · December 4, 2020 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – A Brazilian bill that would legalize medical marijuana and industrial hemp cultivation could soon have its first debate on the floor of the lower house of Congress, ahead of its expected approval in that chamber before the end of this year, federal deputy Paulo Teixeira (PT-SP) told Marijuana Business Daily.

The bill, PL 399/2015, would have far-reaching implications for Latin America’s largest medical cannabis market, which currently is dependent on imported products.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
A Brazilian bill that would legalize medical marijuana and industrial hemp cultivation could soon have its first debate on the floor of the lower house of Congress, ahead of its expected approval in that chamber before the end of this year, federal deputy Paulo Teixeira told Marijuana Business Daily.
A Brazilian bill that would legalize medical marijuana and industrial hemp cultivation could soon have its first debate on the floor of the lower house of Congress.
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The current high price of imported medical cannabis has been one of the main arguments in favor of the cultivation bill: Proponents say domestic growers would be able to supply the medicine at a lower cost.

According to Teixeira, who leads a medical cannabis special committee in the lower house, the bill failed to advance through the legislative process in recent months, mainly because the country’s municipal elections “paralyzed parliamentary work.”

“With these elections behind us, I expect the lower house to quickly start debating and approve the bill before the end of the year,” the deputy told MJBizDaily.

He further said the proposed law is “the result of a long and profound debate that considered the best of different cannabis legislations in other countries.”

To become law, the bill also requires Senate approval, which Teixeira said could happen sometime next year. He does not anticipate major changes in the bill being needed to secure its final passage.

Asked by MJBizDaily about the possibility of President Jair Bolsonaro opposing the reform, Teixeira said it will be “difficult” because the bill has broad support.

Next week, however, the National Committee for Health Technology Incorporation (Conitec) will meet to evaluate the inclusion of one specific formulation of Cannabidiol (CBD) in the National Health System (SUS).

A final decision, expected in early 2021, could make patients eligible to receive public health coverage for that CBD formulation, effectively making it free of charge.

That product, manufactured by Brazilian pharmaceutical firm Prati-Donaduzzi with imported raw material, is the only one that has received “sanitary authorization” from the National Health Regulatory Agency (ANVISA).

It is the only product available in pharmacies, but at a cost of R$2,000 ($375) or more, it remains unaffordable for many patients, which has limited the market.

If the CBD product became available to patients free of charge, it could undermine cannabis industry advocates who argue domestic-grown medicine is needed to provide patients with less expensive medical marijuana.

“By including a CBD formulation into SUS coverage, the government, which is largely against the bill, could diminish one of the main arguments for the proposed legislation,” José Bacellar, CEO of Toronto-based VerdeMed, a company focused on the Brazilian market, told MJBizDaily.

“We cannot expect taxpayers to have to cover the bill of such an expensive CBD product,” Deputy Teixeira said.

Source: Marijuana Business Daily

 

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.