Ever since the Brazilian government approved the use of medicinal cannabis in 2019, the medical cannabis industry in the country has boomed. Analysts have predicted the industry to be worth over $229 million by 2028. To this effect, on April 7th, 2021 The Brazilian government set a lot of effects in motion by approving the first pharmaceutical company that would.be responsible for rolling out cannabis-based medications. This news, though expected in some ways, managed to shake the Brazilian cannabis industry.