Colombia is well on its way to becoming a major supplier in the Latin American cannabis market. Their comprehensive regulatory regime allows licensed producers to export seeds, psychoactive and non-psychoactive cannabis extracts, isolates and finished products, as well as to supply medical cannabis to patients domestically.
In addition to low-cost cannabis cultivation and favourable tax rates, Colombia is a gateway hub to a rapidly emerging Latin American market.
Average production price per gram North America vs Colombia
Colombia is the only South American country that has direct access to both the Atlantic and Pacific Oceans. It is a geographically preferred location for trade to the Andean region, and, as part of the Pacific Alliance, it’s your gateway to Mexico, Chile, and Peru. In conjunction with the numerous trade agreements, these attributes position Colombia to be the leader in the LATAM cannabis trade.
Free-trade zone tax benefits, multiple tax treaties, and a ten-year tax exemption for authorized cannabis producers