Canadians react as Colombia provides final guidelines for exporting dried flower
April 4, 2022 By Grow Opportunity staff
The Colombian government has announced final commercial guidelines that will regulate the export of dried flower from Colombia, as well as the exportation of other cannabis-based products, and the development is being met with approval by some Canadian cannabis suppliers.
The Colombian government’s announcement follows its passing of Regulation 227 on Feb. 22, which was designed to make the country’s cannabis industry more competitive on a global scale. The legislation regulates the use of medical cannabis in foods, drinks, and textiles, and also clarifies the technical guidelines regarding the export of cannabis flower from Colombia. The origins of Regulation 227 date back to July 23, 2021, when the President of Colombia, Ivan Duque, signed Decree 811 lifting the prohibition on exportation of dried cannabis flower from Colombia.
In an April 4 statement, PharmaCielo Ltd., the Canadian parent of Colombia-based cannabis producer PharmaCielo Colombia Holdings S.A.S., “welcomed” the Colombian government’s announcement about Regulation 227. “The Colombian government’s release of final commercial guidelines further solidifies its commitment to turning the Colombian cannabis industry into a global leader,” said PharmaCielo CEO Bill Petron. “PharmaCielo expects to begin shipping dried flower in Q2 of this year, with volumes growing through the fourth quarter and 2023 and is well-positioned to capture market share in import-dependent markets such as Germany, Israel and Australia. These markets are currently being supplied by relatively high-cost flower from producers in countries like Canada.”
And Elowna, B.C.-based cannabis supplier Allied Corp. also expressed its approval. “Dried cannabis flower is the fastest growing product segment of the multibillion-dollar global cannabis industry,” said Allied chairman and CEO Calum Hughes. “Unlike processed products such as isolate, high quality cannabis flower must come to market with the aesthetics and terpene/cannabinoid profile that the customer wants. This is where Allied excels. We are excited to immediately take action with our first shipments of cannabis flower from Colombia to international markets.” Hughes also said that Allied will now be submitting for multiple export requests for dried cannabis flower destined for international markets.
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