According to Colombia’s Ministry of Justice and Law, more than 3,000 permissions for the production and manufacturing of hemp have been issued in Colombia thus far, with an estimated 864+ acres of legal hemp planted and a possible agriculture region of at least 57 thousand hectares.
Of the$ 10. 8 million worth of legal cannabis products exported from Colombia in 2023, 32 % went to Brazil, 25 % went to Australia, and Copy Rolex another 14 % went to Germany. Germany imported a document 31,398 kilograms of health cannabis materials in 2023.
“According to Mónica Hoyos, chairman of the Observatorio Colombiano de la Industria del Cannabis, who led the globalization way of pharmaceutical cannabis for companies of the Bogotá Chamber of Commerce last year: Brazil, Australia, Peru and Germany provide better conditions for Colombian exports of pharmaceutical cannabis, data that verify the information provided by ProColombia. ” reported Sechat in its native policy.
Mónica Hoyos even issued words of caution that the trade statistics reported by ProColombia may be lower than what was really exported from Colombia in 2023 due to various factors.
“ From what we have been able to analyze, under-reporting may arise due to issues of tax classification and trade approaches. This situation, for example, has drawn the attention of entities such as the United Nations Conference on Trade and Development ( UNCTAD), which recognized the discrepancies in the hemp export data from its database ( Comtrade ) and the data from national customs. ” stated Hoyos due to Sechat.
Colombia has a long story with the cannabis plant, albeit not usually including a regulated industry. The South American nation legalized health cannabis and industrial hemp in 2016 and 2021, both.
Cannavigia, an global hemp compliance and production management firm, estimates that Colombia’s industrial cannabis farmers can produce dried cannabis flower for as low as$ 0. 06 per gram, giving it a major advantage over legal industries in other nations where cannabis can cost as much as$ 2 per gram to produce.
The Colombian export figures for 2023, before any future adjustments, were an 11. 3 % increase over 2022 when Colombia’s medical cannabis exports amounted to$ 9. 7 million, and a 96 % increase compared to 2021.
This article first appeared on Internationalcbc. com and is syndicated here with special permission.
Photo by Flavia Carpio on Unsplash
