Business

Colombia consolidated the deal to export cannabis seeds to the US

The Ministry of Justice has given its approval to a cannabis deal, considered as one of the greatest achievements related to this sector, between Colombia and the US. With this agreement, Colombia will export cannabis seeds into the US for the foreseeable future. In addition, will continue its plans to becoming the country with the most developed cannabis sector in South America.

Avicanna Latam is a company dedicated to the retail trade of pharmaceutical and medicinal-cosmetic products, with headquarters in the department of Magdalena, in the town of Santa Marta. The company has recently announced that in collaboration with Santa Marta Golden Helm, a subsidiary company, will prepare the planning to carry out the export of cannabis seeds to the US.

The approval of the Ministry of Justice for this export was made with the support of the Single Window for Foreign Trade of the Ministry of Commerce. It is seen as one of the most important achievements for the medical cannabis industry in the midst of the health crisis that the world is going through.

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A step forward that consolidates Colombia as a relevant country in the cannabis sector

Dumar Cárdenas, deputy director of control and monitoring of chemicals and narcotics of the Ministry of Justice, explained that “while many companies suffer the economic consequences, this line matures, starting to meet important objectives, such as export.”

According to the portfolio, the authorized company Santa Marta Golden Hemp had to comply with a series of requirements ordered by the ICA, to obtain the license that was granted to them since May 29, 2018. Consequently, the company could achieve the export of a lot of 100,000 seeds to the state of Denver, Colorado.

The company said that this batch ”will be the first shipment of several volumes on a large scale that the company will carry out to the U.S. country,” taking into account that this would be the first load of this type that would leave Colombia abroad. They also clarified that this process had a loss of six months for its production in which about 60 workers from the village of La Bonda, Magdalena, participated.

Lucas Nosiglia, president of Avicanna Latam, pointed out that “despite being in a challenging context, the process bore fruit thanks to the collaboration with the Ministry of Agriculture, the ICA and the Ministry of Justice.” He also said that this negotiation is proof that the cannabis sector will be able to leverage the socio-economic reactivation of the country, taking into account the crisis generated by the outbreak of the new coronavirus.

The Colombian cannabis industry still has many challenges ahead

“The cannabis industry in Colombia, being a nascent sector, has the great challenge of making its way and standardizing its production processes. For this reason, for the particular case of this export, the advice of the ICA and the support of the Ministries of Agriculture and Justice was decisive so that we could have the harvest in the times demanded by the client in the United States,” said Nosiglia.

It is worth mentioning that in Denver, Colorado, the state where the first shipment of seeds will arrive, the legalization of cannabis use was announced in November 2012, and only adults over 21 years of age are authorized to use it.

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(Featured Image by Markus Distelrath via Pixabay)

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First published in Semana, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Suzanne Mitchell

Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.

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