Exploring the Lucrative World of Medicinal Cannabis Investments in Colombia

Today, I'm going to talk about business because I not only want to provide context on the advantages of investing in Colombia, but I also want to immerse myself in the topic because I would like to be part of a cannabis export company in Colombia.

I have a partner who proposed this to me, and I'm genuinely interested. I see the potential, and I will keep everyone informed. Everything I learn in the process of creating this company will be shared on my substack so that we can all learn together.

But for now, let's talk about the industry...

Colombia embarked on its path towards cannabis legalization in 1986 and now has one of the most advanced regulatory systems on the continent. In late July, President Iván Duque authorized the legal sale and global export of dried cannabis for medical purposes.

Colombia approved a framework in 2016 that regulates the production, distribution, sale, and export of cannabis seeds and other derivatives. However, the country had not allowed the export of dried cannabis flower until now.

With the signing of Decree 811, the government freed the country from the shackles that prevented it from dominating, if not conquering, international cannabis markets.

According to the presidency, the global medicinal and industrial cannabis market could reach USD 62 billion by 2024. With an ideal climate for the plant, permissive legislation, and low-cost production, Colombia is well-positioned to capture a significant share of the global market.

The local industry is dominated by a few key players that attract the attention of investors above others. These companies have distinct business models that make them particularly attractive.

The Big in Colombia are: