IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.58▼ 0.09% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▼ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.47▲ 0.03% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.10% BRENT 95.57 ▲ 3.03% WTI 88.44 ▲ 2.21% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.11% GOLD 3,889 ▼ 2.79% SILVER 50.01 ▼ 3.62% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.64 ▲ 1.06% USD/MXN 18.58 ▼ 0.09% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.47 ▲ 0.03% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 909.35 ▲ 0.67% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 1.00% USD/TTD 6.71 ▲ 1.04% EUR/BRL 6.24 ▲ 0.11% BRENT 95.57 ▲ 3.03% WTI 88.44 ▲ 2.21% IRON ORE 161.91 — — COPPER 6.21 ▼ 1.11% GOLD 3,889 ▼ 2.79% SILVER 50.01 ▼ 3.62% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 0.92% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
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Friday, November 13, 2026

Paraguay Approves Medical Marijuana and Opens Market for Cannabis Oil

By · · 3 min read

RIO DE JANEIRO, BRAZIL – It is remarkable that Paraguay will legalize medical marijuana even before Brazil. The country is well known throughout Latin America as very conservative.

The bill introduced by Senators Victor Rios and Patrick Kemper was approved by half of the Upper House and will be sent to the Chamber of Deputies for consideration.

Senator Victor Rios, the proponent of this bill, told ABC Color that in no circumstance was there any discussion on legalizing and commercializing the plant for recreational use.
Senator Victor Rios, the proponent of this bill, told ABC Color that under no circumstances was there any discussion about legalizing and marketing the plant for recreational use.
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With 20 votes in favor and 11 against, the bill proposes to amend Articles 30 and 33 of Law No. 1340/1988 referring to the possession and cultivation of marijuana for therapeutic purposes. Cannabis possession and consumption for medicinal purposes is expected to be legal as long as there is a medical prescription certified by the Ministry of Public Health (MSP).

It also provides that people who are prescribed this drug or its legal representative are not punished for planting and cultivating the plant. To this end, it provides that the domicile where the crop will be grown is authorized by the National Anti-Drug Secretariat (SENAD) and the corresponding patient’s medical certificate for whom the plant is grown.

Senator Victor Rios, the proponent of this bill, told ABC Color that under no circumstances was there any discussion about legalizing and marketing the plant for recreational use.

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Minister of Health Julio Mazzoleni reported at a press conference that he has signed the decision “whereby the granting of licenses for the controlled production and industrialization of medicinal cannabis is processed”.

He explained that between October 1st and 31st they will be receiving applications to that effect at the Health Surveillance Directorate of the Ministry of Public Health, according to journalist Roberto Santander.

Documentation will be assessed in the first instance to determine whether it meets the requirements, followed by an in-depth analysis by a committee comprising the Public Health Ministry and the National Anti-Drug Secretariat (SENAD).

Mazzoleni noted that the law for cannabis oil states that companies must grant two percent of their production to the state. This will be transferred to public services for free delivery to patients who have scientifically proven evidence for the use of the oil, particularly those suffering from seizures, epilepsy or Parkinson’s disease, among others.

The head of the Senate, Arnaldo Giuzzio, said that this is a historic day for Paraguay and considered that various product options will be available on the market by the end of the year.

Key Facts

— Deep Dive

— For the complete picture, read our in-depth guide: Paraguay: Washington's Most Valued Ally in Latin America

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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