Enterprise

Colombia to begin exporting Medcann’s medical cannabis

MedCann is an exporter, manufacturer, and distributor of medical cannabis. The company is going to expand into the international market for medical cannabis while using the Good Manufacturing Practices certification. According to John Ruiz, the company’s director, MedCann has the capacity to process extracted oil into a useful pill, as well as a cream, according to its medical staff.

Advances for Medcann’s medical cannabis have been tried in Colombia with the production of certified medicines and phytotherapeutic products for export.

Medcann will begin the production of cannabis-based medicines, approved under the Good Manufacturing Practices certification. Expanding the international market for medical cannabis is the objective of the company.

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Medcann’s medical cannabis goals for 2020

The goal for the first months of 2020, according to Medcann’s medical cannabis spokespeople, is to conquer markets with great potential such as Brazil and Peru, among others.

It signed an agreement of intent through which it may exclusively negotiate the purchase of a drug production laboratory with a Good Manufacturing Practice certification.

“We are proud to be able to reiterate our commitment to medical research and to the highest quality processes in Colombia so that the country can continue to bet on the development of the medical cannabis industry and take the great international leap forward,” said John Ruiz, president of the company.

Medcann features high capacity laboratories

Medcann hopes to be ahead of the international market by exporting medical cannabis products. (Source)

Ruiz also said that this laboratory has the capacity to process that extracted oil into a pill and a cream according to its medical use.

“This allows us to export the final medicine to the Brazilian and Peruvian markets, guaranteeing that the entire value chain stays in Colombia; it begins with the cultivation and even the process of transforming the cannabis flower into a final product,” he added.

The executive for Medcann’s medical cannabis highlighted this major step in the international market after achieving Colombia’s first records of psychoactive varieties of cannabis in 2018.

The first of Medcann’s medical cannabis production facilities

“At this moment there is no laboratory with certification that is dedicated to the production of cannabis medicines currently in Colombia,” said Ruiz. “That is why this is the first time that this export path has been opened, taking into account that the country has traditionally been exporting raw material without processing. In this case, we are going to have the possibility of exporting a product with all the added value.”

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(Featured image by CBD Infos via Unsplash)

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First published in RCNRadio, 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.

Valerie Harrison

Valerie Harrison is a mom of two who likes reporting about the world of finance. She learned about the value of investing at a young age upon taking over her family's textile business when she was just a teenager. Valerie's passion for writing can be traced back to working with an editorial team at her corporate job, where she spent significant time working on market analysis and stock market predictions. Her portfolio includes real estate funds, government bonds, and equities in emerging markets such as cannabis, artificial intelligence, and cryptocurrencies.

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