Colombia, productive land of medical cannabis

Colombia, productive land of medical cannabis

Thanks to the geographical situation of the country, up to 4 cannabis crops can be produced per year.

Colombia became a strategic territory for the planting of medical cannabis. Since 2016, when the Government issued the resolution and regulations that regulate the cultivation, the country has experienced a ‘boom’ of companies that have been installed to supply a market that looks better at the production of oils and plant extracts.

By 2019, the Ministry of Justice had issued 193 licenses for the use of the seed, cultivation of the psychoactive cannabis and non-psychoactive cannabis plant. At the time that the Ministry of Health had delivered 91 permits for the manufacture of its derivatives.

This crop heyday in the country is due, among many other things, to its geographical location, since it is midway between the south and north of the American continent. This privileged location leaves Colombia to be the favorite bridge of industries to find other markets.

Being in the tropics gives the possibility of having twelve hours of the sun which makes the cultivation very convenient. In more than fifteen departments of the country, the plant has been planted, that makes Colombia a competitive country because there are not a few countries with the possibility of having up to 4 crops per year.

For Khiron Life Sciences, a medical cannabis company, one of the most profitable conditions in the country is at a low temperature between day and night. Depending on the area, nutrient-rich soil can be found, which provides a perfect diet for the plant. Colombia is an agricultural country by tradition, therefore, apart from the advantages of time, it has skilled labor for cultivation.

On the other hand, the water in Colombia is of high purity and this also makes the development of the plant in very good condition. Each plant requires between 2 and 5 liters of water daily. In countries like Canada, production can be really expensive, around two and three US dollars. In Colombia, the cost is between thirty and fifty cents.

Likewise, the country that has become attractive due to security conditions thanks to the peace process and also to the legal stability that has played an essential role in this process, since the regulatory framework is one of the strongest and is used as a reference in Latin America, which gives security to cannabis companies that wish to invest in the country.

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.

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