The Colombian government may reconsider its ban on medical cannabis flower exports for commercial purposes. A recent letter by the Superintendency of Industry and Commerce (SIC) to the Ministry of Health recommended the country modify current regulations and allow flower exports. This is the first time an agency like the SIC has recommended allowing flower exports. Although the proposal is not binding, it could nudge the government to make a move, local sources say. However, the global export market remains small and competitive, so even if flower exports are allowed, it won’t be a panacea for the Colombian cannabis industry’s struggles. Cannabis flower exports from Colombia have only been authorized for scientific purposes. Colombian producers have seen unimpressive export revenue from extracts exports so far, particularly when considering that the country has received hundreds of millions of dollars in foreign investment for cannabis production projects.
Marijuana Business Daily, 12/21/2020 09:51:00