Colombia’s government announced on Thursday that the country could export $6 billion a year in medicinal cannabis products.
This would make marijuana the third-largest source of foreign exchange, the government said.
“It’s possible to be a very important player at an international level in terms of exports. The estimates show we could effectively be at the level of $6 billion annually,” commerce vice minister Saul Pineda said to attendees at the country’s first annual cannabis conference.
“More forceful action in regulatory terms is needed so we don’t lose the momentum that we have been growing with,” said Gustavo Escobar, head of innovation at Colombian-Canadian joint venture Clever Leaves.
“We’re lacking some adjustments that would allow us to attend to markets as quickly as possible, before other countries get ahead of us,” he also said.
