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Chile Moves to Decriminalize Cannabis

Ryan Allway

August 28th, 2015

Policy, Top Story

Chile’s Chamber of Deputies passed an initiative designed to decriminalize cannabis in July that passed with a vote of 68-39. Before becoming law, the Health Commission will have time to make adjustments before passing it along to the Senate for a final vote, according to Scoop.

The initiative would permit Chileans to possess up to 10 grams of cannabis and grow up to six plants at a single time. According to a 2012 poll of Chileans between the ages of 18 and 34, 79% voiced strong approval for legalization, 52% disapproved of the government’s campaigns to reduce drug use, and 54% did not support the current government’s policies on drugs. A 2014 poll further showed that 50% of all Chileans support legalization, while 45% oppose it.

Those opposing legalization in Chile point to safety as a primary concern, particularly when it comes to usage among children. In addition, those opposing the measures also pointed to several incidents in Colorado that came as the result of recreational marijuana legalization, including a rise in the number of people dying in car accidents that tested positive for the drug, as well as addiction affecting one-in-six young people and one-in-ten adults.

While Uruguay has paved the way for recreational legalization in Latin America, several countries now permit marijuana with various restrictions, including Colombia, Costa Rica, Ecuador, Jamaica, Mexico, and Peru. The benefits of legalization have proven – both in the U.S. and Latin America – to outweigh the risks by a great margin, as many of the arguments against legalization can be quickly discredited by more than an ancillary glance.

In the end, Chile could very well become the next country in the region to decriminalize marijuana.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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