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2 firms first to export LatAm medicinal marijuana to Europe


Added 04-24-19 10:04:02pm EST - “Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “2 firms first to export LatAm medicinal marijuana to Europe”. Below is an excerpt from the article.

Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday.

Fotmer Life Sciences of Uruguay and Clever Leaves of Colombia will export cannabis extract and dried marijuana flowers to Germany, which they called the largest market in Europe, with an estimated 700,000 people using medicinal products derived from marijuana.

Uruguay in December 2013 became the first country in the world to legalize a national cannabis market from growing to purchase for personal use, and the government later legalized the export of medical marijuana products to countries where it is legal, a move that has brought a wave of investment. Colombia, which has decriminalized pot use, legalized medical marijuana products.

"This puts Uruguay on the world map" of pharmaceutical cannabis, said Fotmer CEO Jordan Lewis, an American who moved to Uruguay to participate in the cannabis industry after its legalization.

In a press statement from Germany, Clever Leaves CEO Andrés Fajardo said the export deal shows "that the Colombian market can reach international standards and produce high quality medicinal cannabis."

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