Cannabis legal industry in Colombia

Cannabis legal industry in Colombia

In Colombia, and in Latin America in general, 2019 is presented as the year in which the growth of the legal cannabis industry is consolidated and begins to be close to opening its doors to the end user.

Since 2015, the year in which the regulation of medicinal cannabis began, the paradigm of cannabis and marijuana began to be transformed from something harmful to society to be able to see it, like our ancestors, a medicinal plant, but also with a large number of industrial applications for the case of hemp.

The companies Cannavida, Khiron, PharmaCielo and Medcann have already obtained all the processing licenses, cultivation of psychoactive and non-psychoactive cannabis, and now they are preparing to start their commercial activity.

The Canadians have been the ones who have invested the most in cannabis entrepreneurship in Colombia with figures in excess of 30 million dollars among various groups and companies dedicated to the sector, which hope to generate more than 300 new jobs.

On the other hand, the Colombian government at the end of 2018 had issued more than 200 licenses among the four types of licenses possible (use of seed for planting, cultivation of psychoactive plants, cultivation of plants of a non-psychoactive nature and manufacture of derivatives of cannabis). However, this does not mean that all those companies or individuals are already planting marijuana in the country because for some types of licenses an additional step is required.

For cannabis derivatives and psychoactive crops (more than 1% THC concentration), the allocation of quotas should be expected, which is the maximum number of plants and total hectares that someone is authorized to plant in a defined period of time.

Between the allocation of licenses, investment capital inflow and a scientific support system for events such as Cannaciencia, 1st Symposium of medicinal cannabis of the Americas. The cannabis industry is in good health and is a market that is accessible to all people who are interested and meet specific requirements.

Cannabiz Latino Hub is presented as the opportunity for the meeting between Latin American entrepreneurs and investors from different parts of the world.

Get more info writing at those emails: 

  • desarrollo@redcannabicos.com
  • info@muiscacapital.com

 

Cannabiz Latino Hub is organized by www.redcannabicos.org

Founding partners: www.muiscacapital.comwww.arcviewgroup.com