Colombia has 100-plus licensed cannabis firms, but only a handful have registered cultivars
Colombia’s cannabis framework allows sales only of cannabis extracts, not flower
Friday, May 31, 2019
Interest in Colombia’s medical marijuana market is booming, but out of over 100 licensed cannabis companies operating in the country few have finished registering their first cultivars, a prerequisite to growing crops for commercial purposes. So far, no company is selling or exporting medical cannabis commercially. That highlights the challenges still facing businesses operating in Colombia’s medical marijuana industry. A year ago, most Colombian cannabis companies were focused on obtaining licenses and securing funding. Today, many boast immense licensed areas, theoretical production capacities, sophisticated marketing plans and low expected costs of production. But mandatory regulatory issues still remain the key hurdle likely to separate the leaders from the rest of the pack.
