Paola Cubillos, scientific and medical advisor at Knowde Group: “The most recent decree bolstered already-established opportunities for the cannabis industry, as laid out in a decree from Colombia’s health ministry in 2021. These provisions have opened the doors to cannabis’ industrial uses and production in free-trade zones, which will accelerate development of the sector. With this latest regulation, the Colombian cannabis industry is poised to become one of the most competitive in the region. The decree establishes the rules for foreign trade of seeds, grain, plant material, cannabis plants, cannabis and its derivatives and related products for medical or scientific purposes. According to Procolombia, Colombian cannabis exports in 2021 totaled $5.2 million, an increase from $4.8 million in 2020. The agency estimates that the exports will reach $1.7 billion by 2030 and may lead to the creation of as many as 44,000 jobs, which could well move the industry to…”