Colombia, famed for the violence of its cocaine cartels, is planning a move into the more genteel drugs business of marijuana-based oils and creams.
The Andean nation’s climate and regulations make it ideally suited to profit from the incipient trade in legal marijuana, Health Minister Alejandro Gaviria said in a Jan. 8 interview in his Bogota office. The country legalized use of the drug for medical purposes last month.
“This is going to be a new commodity, there’s an emerging global medical marijuana business,” Gaviria said. “This year, we’re going to see international companies coming to Colombia to produce medical marijuana.” [Read More at Bloomberg Business]