Colombia

Wed
30
Oct

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.

Mon
28
Oct

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.

Thu
10
Oct

Cannabis taking root in Colombia

Cannabis companies are rushing to set up operations in Colombia, looking to gain a foothold in one of Latin America's drug capitals as governments across the world embrace the burgeoning legal marijuana industry.

Growers, many with financial backing of firms from Canada and the U.S., estimate as much as $500 million has been invested to buy farmland, build greenhouses and set up labs to produce oils, creams and other products that contain cannabidiol, or CBD, an extract used to treat everything from chronic pain to insomnia. So far, none are growing marijuana rich in tetrahydrocannabinol, the substance that makes smokers high.

Tue
08
Oct

Facing stiff competition, will Colombia's marijuana industry go up in smoke?

A intense scent hangs in the air at the 15-hectare La Chacra medicinal cannabis farm in central Colombia, where marijuana plants blossom in the warm closeness of its huge, heavily-secured greenhouse.

It is one of the world’s biggest crops, but the farm, run by cannabis company Clever Leaves, has only managed to export a few marijuana derivatives because of the tight regulations threatening to choke Colombia’s ganja industry.

Colombia was one of the first countries to regulate the cultivation, commercialization and export of marijuana products. But businesses that invested in cannabis complain delays in regulatory adjustments are stemming exports and discouraging potential investors.

Fri
04
Oct

Why marijuana is thriving in Colombia

Marijuana has been spreading its roots globally. Uruguay and Canada were the first two countries to fully legalize cannabis. Thailand is advancing its medical marijuana market. New Zealanders are making a strong case in support of legalization. To learn more about this phenomenon, read Cannabis: While the US Waits, the World Opens Up. Mexico could be next.

Colombia legalized medical marijuana in 2015. Now, it’s working on its booming medical cannabis industry. Let’s take a look at how.

Thu
26
Sep

Colombia the land of opportunity: cannabis licences for sale

Did you know Blue Dream Industries, the cannabis consulting company, has multiple cannabis licences for sale? Could this be the perfect way to connect optimal opportunities?

In just a few years, Blue Dream Industries has become the first cannabis company to have offices on almost every continent, and with their vast network across the market, Blue Dream Industries now have cannabis licences and land available to purchase in Colombia.

Tue
24
Sep

Here's what marijuana stocks must do to sell pot from Colombia

As more investors in marijuana stocks turn to Latin America, Colombia has churned out more than 200 cultivation licenses to marijuana companies doing business there. But those companies need to make their way through a labyrinthine approval process before they can legally sell any product domestically or abroad.

After that, the process of actually exporting cannabis requires a lot of changes to meet requirements of regulators and authorities on both ends of the deal, and even the airline flying the products itself.

Fri
20
Sep

Medicinal cannabis could bring in $6 billion a year for Colombia, government says

Colombia could export $6 billion a year in medicinal cannabis products, making marijuana its third-largest source of foreign exchange, the government said on Thursday, as investors called for simpler regulations for marijuana producers.

Colombian law already regulates the possession, production, distribution, sale and export of seeds and other marijuana products like oils and creams, but investors say the export approval process is tortuous.

“It’s possible to be a very important player at an international level in terms of exports. The estimates show we could effectively be at the level of $6 billion annually,” commerce vice minister Saul Pineda told attendees at the country’s first annual cannabis conference.

Fri
20
Sep

Why the future marijuana superpower could come from this region

When PharmaCielo, now a publicly traded company, formed in 2014 to cultivate medical cannabis in Colombia, some growers needed convincing. Some came from families that farmed chrysanthemums for generations. Cannabis was largely illegal and stigmatized. Scars from the nation's decadeslong drug war were fresh. A peace deal between the government and leftist FARC rebels was two years away. North America's marijuana stocks boom had not begun.

Wed
18
Sep

Colombia’s Congress to debate decriminalization of marijuana

Colombia’s leftist opposition sponsored a bill to regulate marijuana as part of a package of legislation proposals that seeks to end the war on drugs.

The marijuana bill of opposition Senator Gustavo Bolivar would end the repressive drug policy of President Ivan Duque, who can only count on a minority in Congress.

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