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420 with CNW — Caribbean, Latam Nations Agree War on Drugs Has Failed, New Solutions Needed

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A coalition of 19 Caribbean and Latin American nations has jointly released a statement, underscoring the imperative need for a reevaluation of global drug policies. In a conference held over the weekend, these countries expressed their dissatisfaction with the current punitive strategy for combating the global drug issue, noting that it has failed to yield the desired results and has often exacerbated underlying problems while exploiting the vulnerabilities of their societies and territories.

The statement received support from representatives of numerous nations, including Brazil, Uruguay, Nicaragua, Colombia, Guatemala, El Salvador, Panama, Venezuela, Chile, Bolivia, Cuba, Honduras, Ecuador, Costa Rica, Peru, Argentina, Mexico, Paraguay and the Dominican Republic.

Mexico and Colombia are leading the reform movement, with the latter’s president Gustavo Petro referring to the drug war as a type of “genocide.” Petro emphasized the necessity of adopting a new perspective on drug control, viewing it as a health issue within society rather than merely a military issue. He called for Latam nations to speak openly and without shame, addressing the root causes of drug addiction and violence. He also highlighted how supply-side regulations have contributed to an arms race between governments and drug cartels while fostering corruption.

The joint statement proposes several reforms, including the strengthening of regulatory institutions and measures to reduce drug demand through prevention, education, treatment, early intervention, recovery and other support services. The statement also acknowledges the need to reassess plants with a historical use for scientific, industrial, medical and traditional purposes while reinforcing oversight and control mechanisms in nations where the diversion of these plants occurs.

While the statement outlined specific steps forward, it primarily urged “collective reflection” with a broad, achievable, systematic and balanced approach, considering individuals, families and the community in general. It also highlighted the importance of human rights, gender and sustainable development in promoting well-being, security social inclusion  and development in the Caribbean and Latin America.

While some observers had hoped for more radical steps, such as ending drug prohibition and implementing regulations, they acknowledge that international law may pose challenges.

Colombian officials, like Néstor Osuna, have criticized the failed drug war’s devastating impact and have advocated for responsible regulation of substances such as cocaine, heroin, opioids and cannabis.

Meanwhile, lawmakers, including Representatives Juan Carlos Losada and María José Pizarro, are championing legalization and believe that the time is right for Colombia to pass legalization.

In Mexico, efforts to craft and debate cannabis reform proposals have been ongoing, but no legislation has been passed to date.

Major players in the marijuana industry such as Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) are probably watching the drug-policy developments in the Caribbean and Latam region as any easing of restrictions could open up market opportunities for internationally minded cannabis companies.

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