Colombia Quickly Becoming a Global Leader in Medical Marijuana - Seite 2

"It means capital markets are accepting Colombia as a valid market for medical cannabis. It's a validation that's important for the whole of Colombia," Alvaro Torres, Khiron Life Sciences CEO and co-founder, told Marijuana Business Daily.

In addition, lower cannabis production costs, as compared to Canada and ideal year-round climate for cannabis-growth has created plenty of competitive advantages for related companies.

The coming year will be a "period of consolidation" for Colombian cannabis companies, says Rodrigo Gomez, president of the Cannabis Industry Association, as quoted by Ozy.com. "Growers and refiners, he adds, will begin testing products and honing in on a marketable portfolio. Investment is coming to Colombia because of the quality of the terrain."

"Latin America, the Caribbean and Europe present incredible opportunities for those with proven track records when you consider the combined number of licenses granted to date for a population count of well over 1.5 billion outside of Canada and the US is fewer than the number granted to the Canadian market with 36 million people," said Aphria President, Vic Neufeld.

Khiron Life Sciences Corporation now a leading Medical Marijuana Company 

Khiron is one of the first fully-licensed medical cannabis companies in the country, owner of cultivation and production licenses for both low- and high-THC which were awarded by the Ministry of Health and Social Protection, and Ministry of Justice, notes Pot Network.  "Statistically, the company is impressive. Khiron was the first to market in Colombia's emerging cannabis industry, a sector which boasts a possible six million medical cannabis patients. According to report, their Phase I facility has a production rate of 8.4 tonnes per year, and their management team comes from both the pharmaceutical and agricultural industries."

In addition to being listed on the TSX Venture, the company was recently registered by the Colombian Agricultural Institute (ICA) as an agronomical unit, a mandatory requirement for commercializing medical cannabis products in Colombia for distribution.  

"This authorization positions Khiron to be the first medical cannabis company to bring products to market in Colombia. Our facility and mother plants are ready to be utilized to commence commercial cultivation and production. We are focused on expediting our timing to market, while ensuring the highest standards of product quality and consistency. Khiron, as the market leader in regulatory knowledge, has again demonstrated our understanding of how to work with the various government entities in the contexts of the regulations for medical cannabis in Colombia," stated Alvaro Torres, CEO, of Khiron.