Colombia: The New Player in an Increasingly Globalized Cannabis Market

Photo by Matteo Paganelli on Unsplash

Colombian President Ivan Duque made headlines in July when he signed a directive allowing the export of dried cannabis flower from his country, among numerous other changes, that opened up the Colombian cannabis industry.  This change has positioned Colombia as a prime supplier to what may become a global market for cannabis if cannabis lobbyists in the European Union and the United States have anything to say about it.

Many cannabis companies are looking at globalization in the cannabis space as an inevitability and are preparing their supply chain and brand portfolio to capitalize on this emerging sector. One such company is Flora Growth Corp. (NASDAQ: FLGC).  Flora Growth was one of the first cannabis companies to go public via a direct initial public offering (IPO) on the Nasdaq Stock Market earlier this year.

Looking to become a global cannabis supplier with its own portfolio of brands ranging from medical cannabis …

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