EP 214: Brazil Hit 1 Million Patients — And How LATAM Cannabis Market Changed

<p>In this episode of the Cannabis Accounting Podcast, host Raymond Guns sits down with @marianalarrea.mlaw (Mariana Larrea), founder of MLA Legal and Consulting Boutique and STIGMA Hospitality Group, to map the global cannabis supply chain and explain why Mexico, with the most complete pharmaceutical-grade legal framework of any country, is still waiting for its market to move.</p><p><br></p><p>Mariana has spent a decade at the intersection of international pharmaceutical law and cannabis regulation. She was part of the first citizen bill team to draft the federal cannabis law proposal for Mexico&#39;s Senate and Congress. She left Big Law to build a firm where every client gets direct involvement from the attorney who knows their business. She&#39;s been speaking internationally on cannabis markets for four years, from Germany to Iceland to Toronto.</p><p><br></p><p>Mariana breaks down:</p><p><br></p><p>🌍 Why Mexico&#39;s full legal framework still hasn&#39;t unlocked investment: Mexico rescheduled cannabis in 2017 and established a complete pharmaceutical-grade medical framework in 2021, one of the only countries in the world to do so. The reason the market hasn&#39;t followed: Mexico doesn&#39;t develop pharmaceutical technology. Germany, Israel, and Switzerland do. The U.S. holds the brands and the capital. Until those three move together, the infrastructure sits unused.</p><p><br></p><p>📈 Brazil&#39;s 1 million patient milestone: A year ago, Brazil had 400,000 registered cannabis patients through medical associations. Today: over one million. That growth drove three major regulatory updates, opening access to topicals, suppositories, oils, and expanded manufacturing and clinical research licenses. It happened because Brazil put the patient at the center, not the sanitary registry.</p><p><br></p><p>💰 Mexico&#39;s production cost advantage: Mexico can undercut most global cannabis production costs by roughly 80%. For clinical research: 50 to 70% cheaper. The land, labor, climate, and regulatory equivalence with the European Medicines Agency are already there. What needs to happen next to convert that advantage into real investment is exactly what Mariana lays out.</p><p><br></p><p>⚖️ The LATAM opportunity map, country by country: Colombia opened the first medical flower pharmacies for domestic patients in late 2025. Costa Rica completed its first medical flower export to Germany. Uruguay integrated CBD into its national healthcare system. Peru is fo