Uruguay was the first country to legalize marijuana for recreational or medical purposes in its region. I believe this was a smart move for Uruguay because they have started to generate a large amount of revenue. The initial investment of Simbiosys, a company made for growing and selling of marijuana, was $ 1.7 million. That is 56 million Uruguayan pesos… Read more »
The Swedish furniture company Ikea announced its formal entry into the Latin American market through the Chilean company Falabella, which has a strong presence in the region. It had been rumored for a long time about Ikea’s interest in the Latin American market, starting with Mexico, but nothing had been materialized. Now, together with Falabella, Ikea has plans to open… Read more »
During the last years there has been talk about the future of music in physical format (CDs and vinyl records) in view of the growing popularity of streaming platforms. According to Christopher Vollmer, PricewaterhouseCoopers’ lead consultant on entertainment and media issues, the model of streaming services “has become the preferred business model and user experience for most consumers”. This is… Read more »
According to Rafael Farromeque, senior specialist of the infrastructure vice-presidency of the Development Bank of Latin America (CAF), half of the air traffic of all the countries of the Andean region (Colombia, Venezuela, Ecuador, Peru and Bolivia) will be concentrated in the Colombian territory within 7 years. Farromeque said that “in total in the region, passenger traffic to 2040 will… Read more »
Last year Uruguay became the first country to legalize the sale of marijuana for recreational purposes throughout its territory. Now, marijuana can be acquired legally through three modalities: pharmacies, crops and cannabis clubs. According to The New York Times, marijuana is sold in pharmacies for $ 1.30 a gram and the maximum amount allowed for sale is 10 grams a… Read more »
Shortly after the price of oil was raised, several nations and states were affected across not just the western hemisphere, but the Eastern as well. There are several large oil producers in South America including Brazil, Argentina, Bolivia, Mexico, and Venezuela. Having economies that involve exporting oil can benefit in conditions such as the current increase because they will receive… Read more »
Mexican state and federal authorities have taken control of Acapulco’s police after a recent spike in homicides sparked suspicions that criminal groups had infiltrated the department, a joint force said in a statement. Tuesday’s seizure was conducted by the Guerrero Coordination Group, a joint operation of Mexican state and federal departments, including the National Secretary of Defense, the marines, federal… Read more »
Police are questioning two people after a group of men in mariachi outfits opened fire at a Mexico City restaurant, killing five people, an official with the city’s Secretary of Public Security Office told CNN on Sunday. More arrests are expected as the investigation continues, the official said. The motive for the shooting is not known. Dozens of mariachi bands… Read more »
Brazil’s National Museum was gutted by a massive fire Sunday night in Rio de Janeiro that destroyed most of the 20 million pieces inside, including some of the region’s oldest human remains and Egyptian mummies. The loss of history was described as a “lobotomy of the Brazilian memory” by a former environment minister. The museum, which celebrated its 200th anniversary… Read more »
Venezuelan president Nicolas Maduro has drawn opprobrium over a video showing him being served slabs of prime steak by a celebrity chef in Istanbul, at at time when food shortages are inflicting misery and malnutrition on millions at home. Mr Maduro and his wife, Celia Flores, were accused of spending public money on a “banquet” after the chef, Nusret Gökçe,… Read more »