Colombian President Ivan Duque on Sunday permitted a measure to control medical hashish merchandise in meals and drinks, permit for industrial hemp, and permit exports of dried hashish, Then24 studies. The federal government’s Decision 27 of 2022 regulates the decree permitted final yr in reference to the licenses, quotas, and authorizations for medical entry to hashish use, together with hashish derivatives and hemp merchandise.
“This decision permits, defines and establishes all of the mechanisms and procedures for the economic use of hashish in sectors comparable to meals, drinks and in addition textile makes use of, defining, in fact, that these makes use of must do with the non-psychoactive element. … [Colombia] is on the forefront of the regulation of the usage of medical hashish in Latin America and the Caribbean and, in fact, its derivations from industrial makes use of.” – Duque by way of Then24
Invoice Petron, CEO of PharmaCielo – the Canadian dad or mum firm PharmaCielo Colombia Holdings S.A.S which cultivates and produces dried flower and medical-grade hashish extracts in Colombia, described the event as “historic” for the Colombian hashish trade. He defined that it’s going to “open the massive and rising world dried flower market in addition to a number of CBD-based alternatives to Colombia producers.”
“The Colombian authorities has persistently demonstrated its want to construct this trade into a world chief, and in our opinion, the announcement at this time makes Colombia probably the most export-friendly and aggressive jurisdiction on the planet,” Petron mentioned in a statement. “Dried flower accounts for as much as 50% market share in most mature hashish markets globally, and represents an enormous alternative each for the Colombian trade, and PharmaCielo.”
Minister of Well being Fernando Ruiz known as the laws “essential” to ensure “good manufacturing practices” and instructed Then24 that the door is opened to “produce dietary dietary supplements,” amongst different merchandise.
Get day by day hashish enterprise information updates. Subscribe
Sponsor message: