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Colombian Government Finally Regulates Medical Marijuana Production

By: Julián Villabona Galarza - Apr 11, 2017, 4:45 pm
producción de marihuana medicinal
Medicinal marijuana is now legal, and regulated, in Colombia (Pixabay).

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The Colombian government finally issued a decree, through the Ministry of Health, which regulates the production of medical marijuana, after the law that legalized this economic activity was approved in Congress on May 25th, 2016.

The law required regulation by Congress that finally came eleven months after the law approving the use of marijuana for medical purposes was passed. This decree was awaited by the production companies that were waiting to launch their products.

The decree “regulates the fees to recover the costs of services provided by the control authorities referred to in Article 2.8.11.1.4, to evaluate services to applicants or holders of licenses to use seeds for planting, cannabis farming and manufacture of cannabis derivatives, according to their abilities” in accordance with information published on RCN Radio.

 

In addition, it is stipulated that the Ministry of Health will monitor all imports and exports carried out by production companies or anyone who can obtain the license to do so. It also establishes the requirements to receive the necessary licenses and procedures for the production of medical marijuana.

Furthermore, it is also established that the Ministry of Health and Social Protection, through the National Narcotics Fund and the Subdirectorate for Control and Control of Chemical and Narcotic Substances of the Ministry of Justice and Law, are the only governmental entities authorized to make visits and follow-up with regard to the licenses granted.

Finally, the licenses for producers of small and medium growers will be delivered as a first priority, while licenses for large producers will be approved later. The final report was issued after several companies such as PharmaCielo, the first to receive permission to produce medical cannabis, reported that their production had been halted due to lack of regulation.

Source: RCN Radio

Julián Villabona Galarza Julián Villabona Galarza

Julián is a reporter with the PanAm Post with studies in Politics and International Relations from the University Sergio Arboleda in Colombia. Follow him: @julianvillabona.

US Airlines Overestimated the Cuban Market Demand

By: Karina Martín - Apr 11, 2017, 4:13 pm
Cuban Travel Demand

Español According to a report by The Havana Consulting Group, a company that studies the market permanently, US airlines made a mistake by overestimating demand in the Cuban market. The consulting company stated that the airlines' desire to "conquer" the Cuban market lacked a "rigorous and thorough market study." Read More: Move Aside Castro, Cubans Want Capitalism Read More: Senator Rubio Says "Trump Will Treat Cuba Like the Dictatorship It Is" According to economist and president of The Havana Consulting Group, Emilio Morales, despite the "huge" growth of US flights to Cuba in the first quarter of 2017, airlines "should have taken the current embargo into account before embarking on the adventure of commercial flights to Cuba: this policy limits open tourism, as well as the growth of domestic tourism, and tourism from other countries, which caused saturation in hotel capacity and over-pricing." googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   The report states that after the thaw in relations between the Caribbean island and the US, there was a "price war" among airlines causing a drop in the average cost of the ticket from $450 to $500 to $100 and $180, which caused the first tourist wave to the island. However, Morales said that the Cuban tourism sector still has fundamental deficiencies, such as "hotel infrastructure that continues to be limited", as well as "accumulated deterioration and lack of maintenance", making it unable to meet current international demand. "The Cuban tourism industry today requires a change of product model...a renewal and diversification...and, for that, the Caribbean country needs new and big investments that inject modernity and efficiency," he said. The "gigantic wave of economic possibilities raised by normalizing relations runs the risk of becoming a bubble that will deflate" with the same force that emerged, Morales said. In the wake of Trump's recent election, he remains something of a wildcard with regard to US-Cuban relations, which had seen significant thawing under the Obama administration. Source: Cubanet.

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