Colombia buying marijuana

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Colombia buying marijuana

Sign up to have blog posts delivered straight to your inbox! The industry certainly was illegal, but it also arose from an exemplary instance of bicultural exchange and bilateral trade. The boom times for Colombian pot came to an end due to the onset of the War on Drugs —which President Nixon officially declared in — and the rapid rise of indoor cannabis farming in the fifty states. Today, with nearly half of U. A law approved in no. Eventually, local drug warriors would have their say. In , former president Alvaro Uribe passed a Legislative Act no. This latter initiative failed and the minimum dose was maintained. In , when the government of former president Juan Manuel Santos sought to legalize medical marijuana, it had to resort to a decree that expanded on Law 30 of For instance, physicians still are allowed to prescribe only manufactured cannabis-based products, not dry cannabis flower. Also, the use of CBD—a multibillion-dollar industry in the U. Since the local market has not been allowed to develop, local cannabis firms—including a few that raised funds in the U. Potential investors, meanwhile, are eyeing other markets, and rightly so. Since each plant can produce around a kilo of marijuana, massive amounts of pot are grown legally, only to be transported and sold illegally. A new Legislative Act, introduced by Representative Juan Carlos Losada, a member of the Liberal Party, seeks to insert an exception for adult, recreational cannabis consumption into Article 49 of the constitution. This would create a legal market to buy, sell, and distribute marijuana in Colombia. Legislators should approve the measure. Colombian conservatives should keep in mind that extreme leftist Gustavo Petro, the current president, did not bring forth the initiative despite his supposedly revolutionary stance against the drug war. Hence, supporting marijuana legalization does not involve supporting the government. Regulating marijuana use for adults, on the other hand, implies seizing the local market from violent, criminal gangs and leaving it in the hands of the legal, regulated businesses that can assure quality, safety, and transparency. Eventually, when the United States and other countries open their markets to cannabis products from other latitudes, Colombia can regain its standing as a global exporting powerhouse. Far more than foreign aid handouts, the country could use a legal marijuana bonanza. Live Now. Cato at Liberty. Blog Home. Email Signup Sign up to have blog posts delivered straight to your inbox! Banking and Finance. Constitutional Law. Criminal Justice. Defense and Foreign Policy. Free Speech and Civil Liberties. Global Freedom. Government and Politics. Health Care. Monetary Policy. Poverty and Social Welfare. Public Opinion. Tax and Budget Policy. Technology and Privacy. Trade Policy. June 15, AM. By Daniel Raisbeck. Related Tags.

Colombia Should Legalize Adult Marijuana Use Today

Colombia buying marijuana

The information provided in this article is for general informational purposes only. While we endeavour to provide accurate and up-to-date information, there may be instances where information is outdated or incorrect. The contents of this article should not be taken as legal advice nor should it be relied upon in making any business, legal or other decisions. We encourage readers to consult with a qualified legal or professional advisor to obtain proper advice based on your unique circumstances. Cannavigia disclaims any liability for any loss or damage arising out of or in any manner connected with the use of or reliance on the information provided in this article. This information serves as an introduction to potential cannabis growers in Colombia. This information is relevant to all big growers. The information was correct at the time of publication. The first licenses were issued in Subsequently there has been some amendments to the laws, some improving conditions for the growers and some not improving conditions for the growers, but none affecting the legality of growing. The changes in the law made local growers more competitive in the European and North American markets. It also lead to an influx of new monetary investment in a market that regressed because of restrictions. The decree allowed for the domestic commercialisation and industrial use of CBD into additional nonmedical industrial product categories, such as wellness, cosmetics, functional foods and beverages and the expansion of medical cannabis distribution across most pharmacies in the country. Licenses are non-transferable and valid for five years. Companies obtaining licenses to grow non-psychoactive hemp will secure licenses for 10 years with the potential to renew them. Colombia has a quota system that allows a certain amount of cannabis to be grown and processed. Companies need to apply for a quota. Commercial quotas are only granted on legitimate demand. The regulation system is very strict. They require the use of seed-to-sale software such as Cannavigia. Producers must keep records of every step of cultivation and manufacturing. Testing for purity and potency must be conducted through accredited laboratories. Keep it in-house so to speak, save money and use the whole experience as a way to learn more. What a joke of an idea. There must have been five or six different departments or organisations that needed to give the okay. We went in with money, so we were okay. But if you kick off with no money and want to get credit lines and stuff like that, you will find little to no support. We eventually settled on hiring a lawyer. They tell you that the license is cheap, and it is compared to most other countries, but the cost to get the license just kept on piling up. We also learnt that lawyers know the law, but not necessarily how to do business. Eventually we faced two possible ways of entering the market, having run out of patience with getting our own license. Alternatively we could buy a shelf company that already owned a license. We ended up doing that. It was expensive, but we jumped the queue and skipped the bureaucracy. Cannabis has been cultivated in Colombia since the late colonial period, when hemp was grown for its industrial fibres. However even at that early state, cannabis was recognized for its psychoactive uses, but these remained largely confined to the fringes of Colombian society, and discouraged by the Catholic church and national law. By the s, possibly spurred by wider cannabis use in the Caribbean, recreational use of cannabis emerged in the Atlantic ports, particularly Barranquilla, leading the Colombian government to further restrict cannabis in and The West Pacific coast and in the Andean interior receive the highest rainfall amounts approximately 6 mm—7, mm per year , while the drier steppe climates in the north and south west receive less than mm per year. Natural resources: petroleum, natural gas, coal, iron ore, nickel, gold, copper, emeralds and hydropower Median age: Deforestation resulting from timber exploitation in the jungles, illicit drug crops grown by peasants in the national parks, soil erosion, soil and water quality damage from overuse of pesticides and air pollution especially in Bogota from vehicle emissions. Colombia is an illicit producer of coca, opium poppy, and cannabis. Production is growing. A significant portion of narcotics proceeds are either laundered or invested in Colombia through the black market peso exchange. Industry leaders trust our solutions to manage their cannabis operations. Make the most of your crop and get ready to take your cultivation to the next level. Book a Demo. Next post. Thank you! Your submission has been received! Something went wrong while submitting the form. All Rights Reserved

Colombia buying marijuana