Very first Colombian CBD Exports Shipped To Europe

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The very first two batches of Colombian CBD have been exported to Europe as the South American nation measures-up efforts to come to be a major worldwide player.

The Colombian government lately granted its very first CBD isolate export permit to PharmaCielo and it has now shipped its very first batch to the Swiss firm Creso Pharma. Meanwhile, Bogota-primarily based Clever Leaves has effectively cleared U.K. customs with a batch of Colombian CBD destined for the booming British retail industry.

Why Colombia Is A Crucial Cannabis Nation

A favorable climate, low-cost labor, low building charges and a supportive Government is driving the Colombian cannabis business. Cannabis has been decriminalized in the nation for more than 20 years and in 2016 it passed a law enabling for the cultivation, processing and export of medicinal cannabis.

But, Well being Europa reports that in reality Colombia has only been in a position to effectively export a modest quantity of dried flower to Canada for scientific study, to date. Having said that these two European export offers show that the CBD export business is ramping up in earnest.


Canada Comes To Colombia

PharmaCielo is primarily based in Rionegro, Colombia, and  listed on the Toronto Stock Exchange. It is a single of the world’s biggest licensed producer with a foot print the size of 260 football fields and a yearly flower capacity of five,530,000 kilograms, it says. 

It is presently in the approach of obtaining Creso Pharma for more than U.S $80 million it is an Australian firm with operations in Switzerland and cultivation facilities in Canada, Colombia, and Israel. 

Colombia’s ambition has attracted Canada’s 3 biggest cannabis firms – Canopy Development Corp, Aurora and Aphria – who have all acquired licensed producers in Colombia with several mid-tier international players following suit, reports Well being Europa. 

Latin America On The Up

The LATAM (Latin American)  Cannabis Report published by Prohibition Partners says with more than ten significant markets on the continent have legalised health-related cannabis – sales have been worth $125 million in 2018, and are anticipated to rise to $12.7 billion by 2028.

Stephen Murphy, Managing Director at Prohibition Partners, mentioned Colombia has come to be a single of the world’s most ‘attractive cannabis markets as international cannabis providers take benefit of favourable export laws’.

He went on to say that the development of cannabis in Latin American ‘will considerably effect the worldwide cannabis business, undercutting producers and pricing worldwide’.

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