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Home 🌿 Marijuana Business News 🌿 Colombia's medical marijuana industry could become bigger than coffee and flower business 🌿Colombia's medical marijuana industry could become bigger than coffee and flower business
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“The medical marijuana industry can become bigger than coffee, bigger than flowers,” said a smiling Patricio Stocker, chief executive of PharmaCielo, the first company licensed to roll out production of medical marijuana in Colombia. “Our aim is to help the most [troubled] regions in the country.”
Last year, Colombian President Juan Manuel Santos reformed antiquated drug laws and legalised domestic use of medical marijuana. The overhaul included permission for the commercial cultivation, processing and exportation of cannabis — as long as it is used for medicinal purposes.
Cannabis growing expertise
Companies like PharmaCielo, which is now waiting for final approval, want to take advantage of Colombia’s historical — if illegal — expertise in growing cannabis. They also hope that experience garnered from the flower growing industry will set them in good stead to grow marijuana on an industrial scale.
“The flower industry in Colombia exports around 20 percent of the flowers in the world,” Mr Stocker said. “This model really takes advantage of the flower growing industry.”
As Colombia begins to move on from a bloody half century of war, this new industry will help provide former Farc rebels — themselves no stranger to the illegal drugs trade — with employment as the medical marijuana industry blooms.
For Mr Stocker, of Argentine and German parentage, medical marijuana production will help secure a hard fought peace.
Out of war and into peace Former Farc rebels could be provided with employment as the medical marijuana industry blooms (AFP/Getty Images)
“Politicians and local communities want to develop the region and cannabis, combined with other agricultural activity will take them out of poverty.”
Patricio Stocker, chief executive of PharmaCielo
“Colombia is getting out of a war and getting into a peace process,” Mr Stocker said. “Laws require that 20 per cent of what we produce should come from small growers, many of who come from the illegal [rebel] groups .”
In Cauca, the Caucannabis cooperative, formed in mid-2016 by a group of 53 local farmers, has applied with PharmaCielo for a joint licence for cultivating medicinal cannabis in the department, a move supported by government ministers.
For years, Cauca was ravaged by warring guerrillas, paramilitaries and drug-traffickers. Now there is hope this budding industry will boost employment and develop local infrastructure – and provide an economic alternative to the black hole of illicit narcotics.
“They were in very bad shape in this area, they have a very long history of suffering there,” Mr Stocker added. “It is not just developing the cannabis business. This will help generate funds to develop other businesses. Politicians and local communities want to develop the region and cannabis, combined with other agricultural activity will take them out of poverty.”
Regions like Cauca are desperately poor. It is these conditions that make growing coca, the chief ingredient in cocaine, such an attractive prospect. It is hoped that with medical marijuana predicted to become a multi-billion dollar industry, coca producers can move away from illicit crops.
Marijuana could transform communities
Professor Hernando Zuletta, director of the Centre for Drugs and Security at Bogota’s University of the Andes told i: “Marijuana could be very important to those communities. The transformation [in Cauca] could be huge.”
“We expect that Colombia is going to be the lead country in Latin America in the production of medical marijuana,” said health minister Alejandro Gaviria. “We want to build agri-exports around medical marijuana, that’s what we want to focus on.”
President Santos has been increasingly opposed to the prohibition-based global “war on drugs”. Minister Gaviria said peace with the Farc provided an opportunity to build a better policy.
“President Santos has been saying this over and over again,” Mr Gaviria continued. “The peace agreement with the Farc is a good opportunity to have a successful drug policy,” and hopefully transform Colombia from the continent’s epicentre of drug crime and violence into a country leading the way out of the darkness.
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