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Colombia began its path towards cannabis legalization in , and now has one of the most advanced regulatory systems on the continent. Colombia passed a framework regulating the production, distribution, sale and export of seeds and other cannabis derivatives in , but until now, the country had not allowed the export of dried cannabis flower. With the signing of decree , the government released the country from the shackles that prevented it from dominating, if not conquering, the international cannabis markets. Local industry is dominated by a few players that attract investor attention above others. These companies feature very dissimilar business models that make up their most attractive characteristics. Flora Growth Corp. The brand sells products manufactured in its 16, sq. Flora also owns Kasa Wholefoods, a Colombian company that produces food and beverages using responsibly sourced exotic fruits from the Amazon. Allied Corp. Allied has both cannabinoid and psilocybin products in a pharmaceutical development pipeline , looking at depression, anxiety and PTSD as possible indications. Allied has three wholly-owned subsidiaries structured as CBD brands, aimed at the U. These are: Buds Pure Naturals, a natural health company with a catalog of nine cannabis-based topicals including Tactical Relief, which is earmarked to help military veterans, and Equilibrium Bio, a lifestyle brand focused on the athletic consumer. Clever Leaves Holdings Inc. Clever Leaves commercializes crude cannabis oils, distillates and isolates, as well as finished products through its B2B wholesaler platform called Clever Leaves Additionally, Clever Leaves manages three wellness and beauty consumer brands and has a portfolio of other cannabis companies in its investment platform. Its extraction facility is currently capable of extracting 2, kilograms of dried cannabis. In , the company received authorization to cultivate medical cannabis in Portugal and has started operations on a hectare Portuguese farm. One World Pharma Inc. The company, which has a cultivation facility in Popayan, Colombia, has been granted four licenses, including non-psychoactive low THC cultivation, manufacture of hemp derivatives and seed use. It is currently growing and harvesting in covered greenhouses optimized for hemp cultivation for research and development purposes. It has formal approval from ICA Colombian Agriculture and Livestock Institute for the registration of 25 cultivars subject to characterization. One World also completed the characterization of several non-psychoactive cultivars in The company was founded in and carries three business segments: Med, Health Services and Wellbeing. The segment was also selected to provide cannabis products to Project Twenty21 , a European initiative to facilitate access to medical marijuana. The company has a yearly cultivation capacity of 8, kilograms of dried flower and owns a 14, square foot 0. Khiron Health Services manages three large health clinics in Colombia that work with cannabis as an alternative medicine wherein they offer an array of traditional medical options including neurological, psychiatric, respiratory, urological, sleep and orthopedic attention. This segment also operates six smaller walk-in clinics across Colombia and one in Lima, Peru. The company also cultivates and processes cannabinoids through its two majority-owned subsidiaries, Sativa Nativa and Santa Marta Golden Hemp, both located in Santa Marta, Colombia. The two make up , square feet 3. Avicanna also owns Rho Phyto, a medical cannabinoid brand currently in commercialization in Colombia and Canada through an exclusive partnership with Shoppers Drug Mart. The brand is planning an expansion to Ecuador and the U. It grows and extracts cannabis in Colombia through its wholly-owned operating subsidiary PharmaCielo Colombia Holdings S. PharmaCielo has more than 1. The company supplies those input materials to large channel distributors and end-product manufacturers. Over the past year, PharmaCielo expanded its client rosters and completed exports of its extracts to clients in Canada, Brazil, the U. Click here for options trades from Benzinga. Benzinga does not provide investment advice. All rights reserved. Selected edition. Sign in. My Portfolio News Latest News. Stocks: Most Actives. Credit Cards. Latest News. Natan Ponieman. Wed, Aug 18, , PM 7 min read. Story Continues. Clever Leaves. Privacy Policy.
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Colombia: 'We've successfully exported 1,000 kilograms of cannabis to Europe and the U.S.'
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Colombia: 'We've successfully exported 1,000 kilograms of cannabis to Europe and the U.S.'
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