Canadian Owned PharmaCielo Asks Colombian Government For Medical Marijuana License

Privately held PharmaCielo Ltd. today announced that its Rionegro, Colombia based subsidiary, PharmaCielo Colombia Holdings S.A.S. has submitted its formal application to Minsalud, Colombia’s Ministry of Health, and the Consejo Nacional de Estupefacientes (National Drugs Council) to become a licensed marijuana grower and processor of medicinal-grade cannabis oil extracts, with plans to file an additional license application for export in the near future.

Colombia's President Juan Manuel Santos

Colombia’s President Juan Manuel Santos

This announcement comes after President Juan Manuel Santos signed Decree 2467 of 2015 on December 22nd establishing a licensing framework for the cultivation, processing, research and development and exportation of medical marijuana derivatives for scientific and medical purposes. The Ministry of Health and the National Drugs Council will be reviewing the applications for growing and processing licenses.

“It is our goal to become the world’s leading supplier of naturally grown high-quality medicinal-grade...

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