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Benzinga
Benzinga
Business
Hoban Law Group

Rewriting The Cannabis Narrative In Colombia: Part 2

In 2016, Colombia passed a landmark framework regulating the production, distribution, sale, and export of seeds and other cannabis derivatives. It became one of the largest countries in the world to regulate cannabis production and exportation. However, this experiment required adaptation and a real time reaction to the political and global cannabis market conditions.  

In late July of 2021, Colombian President Iván Duque authorized the legal sale and global export of dried cannabis flowers and biomass for medical purposes. With the signing of this decree — Decree 811 — the Colombian government released the country from the shackles that prevented it from dominating, if not conquering, the international cannabis market. 

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