BOGOTÁ — Colombia granted its first production and export license for cannabis derivatives to a Canadian-Colombian company, as the country known for cocaine trafficking looks to marijuana to generate rural employment.

The government views its foray into the medicinal marijuana industry as a jobs creator in the countryside as President Juan Manuel Santos’s government nears a peace deal with Marxist rebels, including demobilized guerrillas from the FARC rebel group.

“Colombia could be the winner of this emerging global market for medicinal marijuana,” Health Minister Alejandro Gaviria said Tuesday.

The South American country’s tropical climate, fertile soil and lower labor costs will be a boon for the local industry and give it a competitive edge over producers in Canada and the U.S., said Federico Cock-Correa, chief executive of the company that received the license, PharmaCielo Ltd.

Click here to read the complete article

Kejal Vyas ~ Wall Street Journal ~

Recent News Articles

Monday June 24

Could CBD Fight Superbugs? Marijuana Compound Shows Promise As an Antibiotic - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

The quest for new antibiotics has led researchers to a surprising candidate: the marijuana compound…

266 hits

Monday June 24

Cannabis Brands Need to Establish a Purpose That Doesn’t Rely on Marijuana Puns - Cannabis…

in Finance

by Bruce Kennedy - Editor in Chief

Most have no brand relevancy or purpose and are woefully inept at creating brand experience.

288 hits

Monday June 24

Japanese students more open to use of marijuana, survey suggests - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

Japanese junior high school students have become more open to the use of marijuana, in…

269 hits

Monday June 24

South Carolina hemp farming could top 3,000 acres as states scramble for a piece of…

in Cannabis News

by Bruce Kennedy - Editor in Chief

In just its second year growing hemp, South Carolina is projecting a 1,200% increase in…

692 hits

Tuesday June 25

Illinois becomes 11th state to allow recreational marijuana - Cannabis News

in Top Stories

by Bruce Kennedy - Editor in Chief

Illinois’ new governor delivered on a top campaign promise Tuesday by signing legislation legalizing small…

570 hits