The Washington Post reported over the weekend on Columbia’s plans to be a lead player in the world of medical cannabis…..
Two years ago, the country passed a landmark law legalizing medical marijuana for both domestic use and export, laying the groundwork for the new industry. The government started handing out the first licenses to grow, process and export medicinal cannabis in September and has approved 33 companies so far. Legal growers such as Canadian-owned PharmaCielo are now raising test crops for upcoming product lines, with the first commercial sales and exports slated for the coming weeks and months.
Becoming the world’s supplier of legal cannabis won’t be easy. The biggest potential market, the United States, remains closed off, with even states that have legalized use banning cannabis imports. Yet an increasing number of other countries, including Germany, Peru, Italy and Croatia, are seen as fast-developing export markets for medical marijuana.
Canada and the Netherlands, on the cutting edge of the legal pot business, have started to meet that demand, with several companies already exporting domestically cultivated crops.
But Colombia, officials here say, is the logical place for the industry’s future.
With a climate well suited to the surprisingly fragile cannabis plant, the country supplied most of the illicit marijuana consumed in the United States during the 1970s and ’80s — a dubious crown it later lost to Mexico. As more countries approve some form of legalization, Colombia is bent on recapturing its global dominance, albeit through export licenses and customs procedures instead of clandestine shipments in the night.
Read the full report at https://www.washingtonpost.com/world/the_americas/colombia-looks-to-become-the-worlds-supplier-of-legal-pot/2018/03/09/8037476e-1836-11e8-930c-45838ad0d77a_story.html?utm_term=.8d5db3b04912