The Colombian government extended the period for moving psychoactive cannabis to final use to 48 months from harvest.
The end use includes research, export, and derivative production.
Previously, a 24-month limit was in place. Now, Resolution 224, issued on February 16, 2024, updates this timeframe.
After this period, unused cannabis must be destroyed.
The new rule specifies that cannabis derivatives can only reach their end use if they meet specific criteria, including quotas or importation.
Julian Wilches from Clever Leaves noted this extension addresses industry concerns. It prevents the mandatory destruction of inventory after 24 months.
This adjustment comes as a positive response from the government despite calls for quicker action.
Last year, industry groups argued against the 24-month rule, saying it unfairly targeted the cannabis sector.
Unlike other industries, cannabis faced a unique mandate for inventory destruction.
The sector, under strict regulation, found this rule challenging. The change aims to balance regulation with industry viability.
Another urgent issue remains in prescribing dry flowers for Colombian patients. Despite global access to Colombian cannabis, local patients face barriers.
Modifying Decree 811 of 2021 is necessary, but resistance within the Health Ministry slows progress.
This regulation update marks a significant step for Colombia’s cannabis industry. It aims to foster growth while addressing past regulatory challenges.
The move also highlights ongoing efforts to refine cannabis policy, balancing industry needs with regulatory oversight.
Background
Historically, strict regulations mirrored global wariness towards cannabis.
However, as international perceptions shift, Colombia adapts its policies to foster growth in its burgeoning cannabis industry.
This regulatory update aims to reduce logistical pressures on producers, enhancing competitiveness in global markets.
It also signals a broader move towards leveraging natural resources for economic diversification.
By aligning with global trends, Colombia positions itself as a key player in the international cannabis market.
This strategic shift underscores the country’s commitment to innovation and economic resilience, recognizing the importance of adapting regulations to meet industry needs and global standards.