Colombia Authorizes Export Of Dried Cannabis Flowers
Bogota, (UrduPoint / Pakistan Point News - 24th Jul, 2021 ) :Colombia gave the green light Friday to export dried cannabis flowers for use in medical products in addition to allowing manufacturers to produce goods such as textiles or food containing the plant.
In a bold embrace of a booming global market, President Ivan Duque signed a decree ending "the ban on the export of dried flower" in an event organized at Clever Leaves, one of the 18 multinationals that grows medicinal cannabis in Colombia.
Colombia "is coming in as a major player in the international market" for cannabis, Duque said.
Until now, however, it was only allowed to export extracts of the plant, not its flowers.
Authorities had feared that exportation of the flowers would allow them to be diverted to the illegal side of the trade.
In a letter sent to Duque on July 14, the cannabis cultivation company Canamonte argued that a rule against exportation of the flowers prevented growers from "accessing the largest and most profitable market segment of the medical cannabis industry.
The new authorization also allows for the manufacture of "non-psychoactive derivatives" from the plant.
"We are no longer only in pharmaceutical use. We are opening the space to do much more in cosmetics... food and beverages" and even textiles, the president said.
Fabian Currea, Canamonte's director of cultivation, told AFP that ending the ban on exporting flowers "gives us the chance to explore new markets" and take advantage of the plant's low production costs in Colombia.