Argentina’s Senate approved a regulatory framework for the development of its medical cannabis and industrial hemp sectors in a 56-5 vote with one abstention, reports Hemp Today.

The bill titled “Regulatory framework for the development of the medical cannabis and hemp industry,” within the framework of the Economic and Social Council was previously introduced by Argentina’s Minister of Productive Development, Matías Kulfas, about a month ago.

Supporters of the law say it will enable Argentine to create some 10,000 jobs in the hemp production chain. What’s more, both medical and hemp domestic sales are projected to yield $500 annually in addition to another $50 million per year in exports of both medical cannabis and hemp products, according to Argentina’s Ministry of Development.

– Read the entire article at Benzinga.

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