“To determine if Colombia’s cannabis scene is actually all that, we had to see it to believe it.”
If you’ve been keeping up with the state of the international cannabis industry, then you’ve probably heard of Colombia being poised as the next major hub for cannabis exports.
With the perfect climate and geography for cultivation, low production costs, a vast network of experienced professionals in the field (illegal experience is still experience!), and the green-light from the INCB (International Narcotics Control Board) to grow and export over 25 percent of the world’s total production quota (40.5 tonnes), Colombia has had investors drooling over the chance to break into the world’s next star in the realm of legal cannabis.
“To date in the legal cannabis industry, it’s largely been all about indoor, high-end flower as a key product category. Going forward, the growth of concentrates, edibles, and pharmaceuticals means that this will less and less be the case,” said Tom Adams, managing director and principal analyst at BDS Analytics. “Colombia’s advantages as a low-cost, outdoor growth venue will place the country’s cultivators in good stead in worldwide markets.”
However, skeptics may look hard past all the buzz to wonder if Colombia’s purported role as a major supplier for Canada’s legal market is no more than hype, created by speculation around the rising South American pot star’s favorable regulations and media coverage of Canadian firms investing in its soil.
Published 2 months ago
on May 17, 2019