The international market for medical cannabis is growing – and visibly new countries are entering the market that allows cultivation and export. Not least because they can take better advantage of their geographical location than the previous top producers. The latest newcomer is Colombia. Clever Leaves already operates a production facility there and had a high-profile visitor there at the end of July: President Iván Duque. He signed a new decree allowing licensed Colombian cannabis companies like Clever Leaves to commercially produce and export medical cannabis flower material. The new law also regulates access to medical cannabis for patients in Colombia.
“This new decree represents an important milestone for Colombia and allows us to compete in international markets,” Duque said. It also raises the standards of domestic products and creates significant added value, especially in the medical sector, he added. “Clever Leaves has served as a benchmark for the Colombian cannabis industry. I encourage our government representatives in the various entities to join together and continue to support the development of the industry.”
“Having President Duque sign this significant decree at our Clever Leaves plantations was a great honor for us and also demonstrates Clever Leaves’ position in Colombia as well as globally,” said Kyle Detwiler, CEO of Clever Leaves. He added that the company has been building the necessary capacity to produce pharmaceutical-grade products since 2016. “This new regulatory development will allow Clever Leaves to better serve pharmaceutical companies and medical cannabis companies around the world.”
Read more on the subject and find the latest cannabis news in the world with the Hemp.im mobile app.
Colombia has a more favorable climate for cannabis production
Until now, Clever Leaves has been producing in a Portuguese production facility, where it has “successfully overcome the various challenges that such an operation faces,” Detwiler said. “We hope that this experience and relationship will enable Clever Leaves to provide the highest quality flowers to patients worldwide.”
The main argument in favor of Colombia, he said, is the far more favorable climatic, geological, and geographic conditions for intensive, high-quality medical cannabis cultivation compared to Canada, the U.S., or even Denmark. The equatorial South American climate makes it possible to effectively grow medicinal cannabis outdoors, he said. Consistent sunlight, constant temperatures, and consistent rainfall are ideal conditions for growing cannabis by nature, he said, making outdoor cultivation possible at Clever Leaves’ plantation.
The addition of Colombian flowers, he said, allows the company to cultivate and offer a comprehensive portfolio covering different strains and growing conditions to meet the ever-changing needs of patients. Clever Leaves is now able to offer its partners a comprehensive medical cannabis product portfolio of extract, isolate and flower products from Colombia and Portugal, he said. Clever Leaves is now present in over 15 countries on five continents.
Clever Leaves said it is placing an emphasis on environmentally sustainable, large-scale cultivation and pharmaceutical processing as the cornerstone of its global cannabis business. With operations and investments in Germany, the U.S., Canada, Colombia, and Portugal, the company has created an effective distribution network and global presence, it said. Clever Leaves has received several international certifications that allow it to increase its export and sales capabilities from its Colombian operations, including GMP, EU GMP, and Good Manufacturing Practice certification from the Colombian National Institute of Food and Drug Control. In Portugal, Clever Leaves obtained a license from Infarmed – the Portuguese health authority – allowing it to grow, import, and export dried flowers for medicinal and research purposes.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in APOTHEKE ADHOC, 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. Born2Invest 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. Born2Invest 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.
EOS Cuts All Ties with Founding Company Block.one Through Hard Fork Antelope
As announced, EOS installed the Antelope 3.1 upgrade in its network on September 21st. With that, all connections to Block.one...
Plenitude (ENI) buys 65% of Hergo Renewables to Develop 1.5 GW Photovoltaic Projects
Last February Infrastrutture spa obtained a non-recourse loan of more than €8 million from Japanese lender Sumitomo Mitsui Trust Bank....
Nexi Is also in the Running for Sabadell’s Payments Division
Nexi ended the first half of the year with €1.52 billion in revenues (+8.7%) and Ebitda of an impressive €702.4...
World Football Summit: FIFA World Cup Business Opportunities and Beyond
With the FIFA World Cup approaching, every business and investor needs to position themselves to take full advantage of the...
Loona Launches Crowdfunding for a Cute Robot Pet with Versatile AI
Perhaps the cutest robot to date is currently being funded on Kickstarter. Loona combines versatile motor skills with numerous sensors...
Business1 week ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 37]
Business3 days ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 38]
Business2 weeks ago
At This Week’s Close, the Dow Jones Was Much Closer to its 52Wk Low Than its 52Wk High Line
Featured2 weeks ago
Fintech Company Yokoy Has Been Chosen as the Startup of the Year