The marijuana commerce is prospering in Colombia. The South American nation introduced final month that its hashish exports elevated 96% between November 2022 and January.
“The quantity was US$8.4 million, because of the gross sales of 13 corporations from 5 departments to 14 international locations. Argentina, Brazil, Australia, Switzerland, Israel, the US and Germany had been the principle consumers,” ProColombia, a authorities company overseeing exports and tourism, said in an analysis released on January 26.
Carmen Caballero, the president of ProColombia, mentioned that “58% of those exports had been destined for Latin America and the Caribbean.”
“It’s a sector that has vital potential in producing high quality employment, particularly for girls, in several areas of the nation. Likewise, hashish value-added items have stood out for his or her high quality and innovation,” Caballero mentioned.
The company mentioned that the $8.4 million price of exports got here from the next areas in Colombia: Bogotá (48%), Cundinamarca (30%), Antioquia (12%), Santander (8%) and Magdalena (2%).
As well as, ProColombia famous that “9 of the 51 collaborating corporations are positioned in eight municipalities [Nemocón, Cajicá, Rionegro, Ubaté, Pitalito, Mosquera, Tocancipá and Pasca] with lower than 200,000 inhabitants, which is a part of the Authorities’s technique to generate growth by strengthening the enterprise cloth within the areas.”
“Likewise, final yr, greater than 90% of Colombian hashish exports originated from the departments of Bogotá, Cundinamarca and Antioquia; nevertheless, 12 departments are recognized (Antioquia – Bolívar – Boyacá – Cauca – Cundinamarca – Huila – Magdalena – Meta – Risaralda – Santander – Tolima – Valle del Cauca) with excessive export potential for the sort of product,” the evaluation mentioned.
The hashish was produced by 13 international locations, based on ProColombia, with the exports reaching a complete of 14 international locations, together with: Argentina (40%), Brazil (14%), Australia (12%), Switzerland (7%), Israel (6.5%), the US (6%) and Germany (5.5%).
In line with the company, the “most sought-after items overseas had been extracts, medicines and seeds.”
“It’s price noting that in November 2022 the second Medicinal and Industrial Hashish Enterprise Roundtable was held, organized by the Ministry of Commerce, Trade and Tourism and ProColombia, with the help of Asocolcanna. On the assembly, 250 enterprise appointments had been held with 21 worldwide consumers from 10 international locations and 51 small and medium-sized corporations, with a Colombian supply that ranges from extracts to completed pharmaceutical or beauty merchandise,” the company mentioned final month.
With its heat and hospitable local weather, Colombia is bullish on the long run prospects of its hashish cultivation.
“The nation has a steady regulatory framework and is without doubt one of the most full internationally, because it contains measures starting from seed, cultivation, transformation, technology of added worth and secure entry by sufferers,” the company mentioned within the evaluation final month, noting that the “environmental and geographical situations of Colombia permit it to have 4 harvests a yr in three completely different cultivation modalities (open sky, open sky with semi-automatic irrigation and indoor with gentle and irrigation)” and that “the nation’s geographical place permits it to have 12 hours of photo voltaic radiation in the course of the 12 months of the yr, thus maximizing crop yields and lowering manufacturing prices.”
“Likewise, it’s an trade that permits the scientific and technological growth of Colombia, intensive in R+D+i, which permits the event of analysis facilities,” ProColombia added. “Additionally it is added that Colombia has a variety of merchandise: seeds, crude extracts, distillates, isolates, completed merchandise reminiscent of phytotherapeutics and cosmetics. All this, complying with top quality requirements, which permits insertion into international worth chains.”
In December, members of the Colombian senate passed an amendment legalizing cannabis.