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Cannabis in Ecuador is illegal for personal recreational consumption as of November 24, 2023. Previously amounts up to 10 grams were allowed, however President Noboa repealed the act allowing possession as part of a campaign promise designed to reduce “micro trafficking”.
According to the 2008 Constitution of Ecuador, in its Article 364 the Ecuadorian state does not see drug consumption as a crime but only as a health concern. [8] Since June 2013 the State drugs regulatory office CONSEP has published a table which establishes maximum doses carried by persons so as to be considered in legal possession. [9] [10]
The illegal drug trade in Latin America concerns primarily the production and sale of cocaine and cannabis, including the export of these banned substances to the United States and Europe. The coca cultivation is concentrated in the Andes of South America, particularly in Colombia, Peru and Bolivia; this is the world's only source region for ...
A growing body of research and numerous anecdotal reports link cannabis with several health benefits. What marijuana really does to your body and brain Skip to main content
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. [17] Ecuador's economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. [18] In 2017, remittances constituted 2.7% of Ecuador's GDP ...
To raise money, Corty sold investors units in Ice Fog Holdings LLC, a company “purportedly” created for medical and recreational marijuana production and sales, according to prosecutors.
QUITO (Reuters) - The IMF on Thursday said its executive board completed the first review of an extended fund facility for Ecuador, allowing for an immediate disbursement of around $500 million.
Ecuador and the United States maintained close ties based on mutual interests in maintaining democratic institutions; combating cannabis and cocaine; building trade, investment, and financial ties; cooperating in fostering Ecuador's economic development; and participating in inter-American organizations. Ties are further strengthened by the ...