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Home 🌿 Marijuana Business News 🌿 World's weed growers have new rival to fear from South America 🌿World's weed growers have new rival to fear from South America
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Colombia, famed for the violence of its cocaine cartels, is planning a move into the more genteel drugs business of marijuana-based oils and creams.
The Andean nation’s climate and regulations make it ideally suited to profit from the incipient trade in legal marijuana, Health Minister Alejandro Gaviria said in a Jan. 8 interview in his Bogota office. The country legalized use of the drug for medical purposes last month.
“This is going to be a new commodity, there’s an emerging global medical marijuana business,” Gaviria said. “This year, we’re going to see international companies coming to Colombia to produce medical marijuana.”
The increasing legal use of the drug in the United States, Canada and elsewhere creates an opportunity for Colombia to develop an export industry similar to wines in Chile and broccoli and asparagus in Peru, Gaviria said. Marijuana-based pharmaceuticals are used to alleviate pain and nausea stemming from...
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