The Colombian Senate approves the legalization of recreational cannabis

Colombian city sky line

The Colombian Senate approved the first initiative to regulate the use of cannabis by adults and paves the way for legalization. The Senate bill seeks the creation of an entire regulatory framework that would include the creation of the Colombian Institute for the Regulation of Cannabis, Icoreca. The legalization of cannabis would create jobs and would bring a lot of money into the state’s coffers.


Recreational Cannabis in Colombia – Coming Soon?

Flag of colombia colours on a marijuana leaf

In the last few years, Colombia has been shaping up its legal cannabis policies, legalizing medical cannabis and quickly joining the global medical cannabis market. Now, new legislation climbing its way through Colombian Congress, means that recreational cannabis in Colombia is one step closer to becoming a reality.

The world of legal cannabis is a fast-moving and fascinating place.

Colombia and drugs in general

Before getting into the specifics of cannabis law in Colombia, and whether recreational cannabis in Colombia will happen, it’s important to understand the situation that Colombia is in with its drug trade.


Medical cannabis in Colombia: the law and the future

Medical cannabis expert Dr Sandra Carrillo details the history and future of medical cannabis in Colombia.

Dr Sandra Carrillo is a medical doctor and renowned expert in the medical use of cannabis and cannabinoids, with certifications in cannabis medicine from the University of Puerto Rico’s School of Pharmacology and Oaksterdam University in California.


Cannabis Is Coming! The Latest On Colombia And Mexico

Columbia lawmakers say the regulated sales of cannabis could help counteract the negative economic impact of the COVID-19 pandemic.

As many of our readers will know, the U.S. House of Representatives is set to vote on nationwide decriminalization of marijuana this month under the MORE Act. If legislators in Colombia and Mexico have their way, the House’s counterparts in two important Latin American economies could be following its steps.


Colombia faces huge opportunity in legal cannabis industry

As the cannabis industry grows globally, no country is according to FTI Consulting better positioned than Colombia to become the “grower” of choice for international cannabis trade. Experts Michael Cullen and Miguel Salcedo explain why. 

While predictions for the global cannabis trade in 2020 vary widely, industry leaders largely concur that legalization efforts will continue across the globe. As of April 2020, medical cannabis is legal (to some degree) in upwards of 50 countries. As a result, marijuana-related business are beginning to leverage international supply chains in pursuit of lower production costs, with a view to Latin America. 


Colombia Makes History with First High-THC Medical Cannabis Sales

Canadian/Colombian-based Khiron Life Sciences is a global cannabis company that has developed a reputation as a Latin American industry leader. In March 2020, Khiron made history by becoming the first company to develop and commercialize a medical cannabis product in Colombia. Since then, the company has achieved many other milestones to empower their place in the global cannabis industry.


Colombian Association of Cannabis Industries: looking to Latin America

In this article the Colombian Association of Cannabis Industries explores the medical cannabis market in Latin America.

As EU demand for cannabis products grows, investors are turning to Latin America for imports. The Colombian Association of Cannabis Industries, which is recognised as the most relevant private entity representing the private cannabis industry in Colombia, tell us more.


5 Emerging Cannabis Markets Investors Need To Be Watching In 2020

Read entire article here.

We have noticed a significant increase in the number of companies that are focused on the international cannabis opportunity during the last two years and this is a trend that we are bullish on.


The challenges of medicinal cannabis in Colombia

In July 2016, the Colombian government enacted Law 1787, which regulates the use of medicinal cannabis and its trade in the country. With this decision and a series of subsequent resolutions, Colombia joined the more than a dozen countries that have put into practice different types of regulation to explore the advantages of this plant as an alternative pharmaceutical.


New Portuguese growing operation to supply German cannabis market

A European consortium backed by American cash is set to invest millions of dollars in a new operation in Portugal designed to supply the booming German medical cannabis market.

And cannabis financial market analysts are calling out Portugal as a prime  location for those companies looking to take advantage of the rapidly growing European market. Health Europe reports that Cannexpor Pharma has secured permission from the Portuguese authorities for new indoor and outdoor cannabis growing facilities in the region of Coimbra, about 100 miles north of the capital Lisbon.


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