Colombia's Cannabis Exports Expand As President Petro Presses Congress To Legalize Recreational Marijuana

[ad_1]

In the lead-up to a pivotal debate in the Colombian Congress, President Gustavo Petro has once again urged lawmakers to legalize the adult use of cannabis. As Infobae reported, the call comes as Colombia strengthens its position as a global leader in cannabis exports, recently expanding its market reach to 12 countries, including the latest addition of North Macedonia.

Petro's Push For Legalization

Petro's appeal to Congress was made via a post on social media, where he highlighted the nation's increasing success in the international cannabis trade. "We have now exported cannabis to 12 countries," Petro noted, before making a direct plea to lawmakers. "Congress can now take the step to legalization to take advantage of the global market and substantially improve the trade balance."

The Colombian president further stressed the potential domestic benefits of legalization, particularly in regions like Cauca, where illegal cannabis cultivation has fueled violence and territorial disputes. According to El Tiempo, Petro suggested that legalizing the crop could lead to improved security conditions in these areas by eliminating the illicit markets that drive conflict.

Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you’re serious about the business, you can’t afford to miss out.

History Of Legislative Attempts: Eight Failed Efforts

This is not the first time Colombian legislators have been called upon to legalize cannabis for adult use. Despite multiple attempts – eight to be exact – Congress has consistently rejected proposals to legalize the production and distribution of cannabis. The most recent attempt, during the first legislative session of Petro's government, came closer than ever to success, advancing through seven of the eight necessary debates. However, the initiative ultimately stalled due to late scheduling and opposition from the political party Cambio Radical, which sought to introduce prohibitions that were not feasible at the late stage in the legislative process.

The current bill, set to be discussed in the Commission of the First Chamber, is yet another effort to push the legalization agenda forward. This time, supporters hope for a different outcome, buoyed by the economic potential highlighted by President Petro.

Colombian Cannabis In The Global Market

Colombia’s expansion into new markets, particularly in Europe, underscores the growing international demand for its cannabis products. The recent export of 180 cannabis sativa plant cuttings from La Ceja, Antioquia to North Macedonia, marks a significant achievement in the country’s efforts to establish itself as a major player in the global cannabis industry. Colombia now exports to 12 destinations, including Europe and Latin America.

Regulatory Standards Ensuring Quality And Compliance

These exports, certified by the Colombian Agricultural Institute (ICA), adhere to strict phytosanitary standards, ensuring compliance with international regulations. The successful transaction not only highlights Colombia's commitment to quality but also reinforces its potential to further capitalize on the burgeoning global cannabis market.

Juan Fernando Roa Ortiz, general manager of ICA, emphasized to Infobae that the ICA's role in providing phytosanitary certificates is crucial to maintaining the integrity of the export process, ensuring that products reach their destinations in optimal condition.

Economic Impact

President Petro's latest push for legalization is firmly rooted in the belief that Colombia can fully harness the economic benefits of the global cannabis market. By legalizing adult-use cannabis, he argues, the country could significantly improve its trade balance and create new opportunities for local producers, especially those in conflict-prone areas like Cauca.

"This industry generates foreign exchange for the country, employment, and well-being in rural areas," said Roa Ortiz.

A Strategic Call For Legislative Action

The momentum generated by Colombia's recent export successes, particularly to European markets, adds weight to Petro's argument. With Richmond Seeds S.A.S. at the forefront of this international expansion, the company's general manager, Felipe Rojas, acknowledged the vital role of government support in achieving these milestones. "The backing from government entities has been essential for these exports," Rojas said, underscoring the importance of public policy in advancing this emerging industry.

Cover image made with AI

[ad_1]

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66ce07e09d2a4a71893e11d9ac322a7e&url=https%3A%2F%2Fwww.benzinga.com%2Fmarkets%2Fcannabis%2F24%2F08%2F40582010%2Fcolombias-cannabis-exports-expand-as-president-petro-presses-congress-to-legalize-recreational-m&c=3622240098926500996&mkt=en-us Author : Publish date : 2024-08-27 05:09:00 Copyright for syndicated content belongs to the linked Source .

April 2025
M	T	W	T	F	S	S
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30

Colombia’s Cannabis Exports Expand As President Petro Presses Congress To Legalize Recreational Marijuana

Qué es el caso B410, la mega red de evasión fiscal que involucra a un ex presidente en Guatemala

India And Chile To Hold Joint Commission Meeting On Wednesday

India And Chile To Hold Joint Commission Meeting On Wednesday

A stunning amount of illegal eel can be found in US sushi. Organized crime likely to blame. – USA Today

Vanished: The mystery of Antigua and Barbuda’s missing people – BBC

Aruba Airport and Aruba Tourism elevate presence at Routes Americas 2024 Conference in Bogota – Routes

RESTORING TRUTH AND SANITY TO AMERICAN HISTORY – The White House (.gov)

US State Department Updates Travel Advisory for The Bahamas – TravelPulse

July 4th Independence Day Celebration – USEmbassy.gov

Wang Yi Meets with Bolivian Foreign Minister Celinda Sosa Lunda – mfa.gov.cn

Brazil hints at WTO complaint, tax on US products after Trump steel tariffs – Reuters

GHN Market Report: British Virgin Islands – Alvarez & Marsal

Trump keeps talking about making Canada the 51st state. Is he serious? – ABC News

Categories

Archives