by Amy Wilding-Fox
COSTA RICA, — Known the world over for their delicious coffee beans, Costa Ricans recently elected a new president. With this new administration comes the promise of legalizing marijuana on both the medical and recreational levels, as well as industrial hemp, in the hopes of creating a new booming agricultural industry for the Central American country.
Marking his first 100 days in office, Costa Rican president Rodrigo Chaves gave a speech outlining his plans on legalizing marijuana. Though legalized prior to his win, creating a lucrative and booming marijuana industry was a key promise in his election campaign. According to the Tico Times, the president stated in this speech that his administration is actively preparing the regulations involving medical use and industrial cultivation of hemp. He went on to state that the boundaries for both businesses and consumers will be rolling out soon.
While slightly disappointed that nothing was mentioned in the speech about recreational use, with such an announcement, eager investors are waiting to see the rules roll out so that they can be among the first to capitalize on the new industry.
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