WHAT WOULD BECOME OF CANNABIS IN PUERTO RICO IF IT COULD BE LEGALLY IMPORTED?

The new movements in the federal government, welcomed by many with joy, force us to reflect on other implications that may be a great challenge for the industry in Puerto Rico.

The potential reclassification of cannabis to Schedule III raises several uncertain scenarios that warrant analysis. Let's imagine, hypothetically, the opening of the market for the export and import of cannabis, albeit as a Schedule III controlled substance.

Or, let's imagine the complete elimination of cannabis as a controlled substance, as has also been proposed. Let's imagine, then, that they legalize cannabis on the same level as pills, alcohol, and tobacco.

The viability and sustainability of local cannabis cultivation could be threatened if the importation of cheaper cannabis to Puerto Rico is permitted. Therefore, it is essential to consider the high operational costs on the island when analyzing the economic feasibility of cannabis importation.

The disadvantage in production sizes and operational costs in Puerto Rico is significant, ironically making local products more expensive for consumers. The same is true in agriculture, where local farmers must compete with imported goods. Massive cannabis imports could exacerbate this situation, jeopardizing the survival of local businesses and limiting opportunities for economic growth.

While importing cannabis might seem attractive in theory, its implementation would require a thorough cost-benefit analysis for Puerto Rico. Although such an analysis is still lacking, these are discussions that must be considered when we applaud changes and proposals that appear favorable. This raises significant questions about its impact on the island, making it crucial to reflect on its potential consequences.

Gabriel Sifre, Esq., Consultant

@UnaMoñaSinPelo