Facing stiff competition, will Colombia's marijuana industry go up in smoke?
Swift regulation in Uruguay, Peru, Mexico and possibly Brazil could erase Colombia’s initial head-start
Monday, October 7, 2019
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. The problem is especially serious given competition from other Latin American countries like Uruguay. Colombia has complicated regulations that demand legal cannabis growers get permissions from bodies ranging from agriculture and medical authorities to the anti-narcotics police and drug regulators. (See also: Cocaine country is embracing cannabis exports)
