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Home 🌿 Marijuana Business News 🌿 Why The Cocaine Capital of the World Wants in on the Cannabis Biz 🌿Why The Cocaine Capital of the World Wants in on the Cannabis Biz
Legal drugs could be even more lucrative.
Famous for its cocaine cartels—think Pablo Escobar and the hit Netflix show Narcos—Colombia now wants a cut of a different mind-altering substance: marijuana.
The country’s climate and regulations make it ideal for marijuana farming, Colombia’s health minister Alejandro Gaviria said in an interview with Bloomberg earlier this month. Gaviria pointed out that increased legalization of cannabis in North America has created an economic opportunity for the country. “This year, we’re going to see international companies coming to Colombia to produce medical marijuana,” he told the publication.
Last month, President Juan Manuel Santos signed a decree to legalize the growth and sales of marijuana for medicinal purposes. According to chapter 1, article 1 of the decree:
“The current decree’s objective is to regulate the cultivation of cannabis plants, the authorization of the possession of seeds for the planting of cannabis, control of the areas for cultivation, the
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