This year Colombia enters the medical cannabis market.
Colombia’s Minister of Health, Alejandro Gaviria announced that the first license was awarded for the cultivation of medical cannabis.
The license was accorded to a company based in Canada, called PharmaCielo.
Through this license, the company is allowed to cultivate, export and process cannabis for its therapeutic purposes.
The licenses was finalized following a decree issued by the Government at the end of 2015, and through the final decision made by the Minister of Health this year in May.
All the licenses accorded by now will remain valid although the legislation will change, said the Minister, but only minor changes will occur.
PharmaCielo is the first company in Colombia which received the license because is was the first that made the request, explained Alejandro Gaviria.
PharmaCielo, the Colombian-Canadian firm has the headquarter in Canada, but it operates in the north-west of Colombia. The first steps will take place in the region of Rionegro, consisting in the cultivation of three hectares of cannabis. The expectation is to produce a gross high amount of cannabis, which will be processed, said the Minister of Health.
The cultivated cannabis will only be used for therapeutic purposes, will not contain high grade of THC and will only be available for Colombian patients.
Getting a Licence
Alejandro Gaviria also said that the market is open, and the maximum number of licenses was not established.
To obtain such a license, first you need an authorization by the Minister of Health to process medical marijuana. After, you have to obtain licenses from other agencies, which allow the cultivation of cannabis.
Cannabis is a developing market. Thus Colombia hopes to be a winner in the developing market of medical cannabis. Jobs will be created in the location where the industry is situated and the community will prosper, said with hope Alejandro Gaviria.