Colombia Lifts Ban on Cannabis Flower Exports

Colombia’s President Ivan Duque last week signed a decree lifting the export ban on dried cannabis flower from the South American country, Reuters reports. The decree expands the sale of medical cannabis products and streamlines some regulations, the report says.

The move is seen as an important step in the country’s ongoing cannabis industry development where, despite being a leader in the global cannabis market, investors say the export process has been difficult.

While signing the decree, Duque said the Latin American cannabis market could be worth $6 billion.