Cannabis Flower Sales In Colombia And The Small Producer Protection Myth: Ex-Official Says Most Companies Qualify
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2024
0mins
Source: Benzinga
New Decree for Medical Cannabis in Colombia: A new decree allows the sale of dry cannabis flower in Colombia, benefiting both companies and patients, while favoring micro, small, and medium-sized enterprises (MIPYMES) based on income criteria. This shift opens up local market opportunities for many cannabis companies that previously focused on exports.
Regulatory Challenges and Opportunities: The decree introduces regulatory requirements, including sanitary authorization for dry flower, which may delay implementation. However, it also presents growth opportunities for pharmacies and aims to adapt existing Good Manufacturing Practices (GMP) certifications to include dry flower products.
Analyst Views on FLGC
About FLGC
Flora Growth Corp. is a cannabis company that manufactures and distributes consumer packaged goods and distributes medicinal cannabis and pharmaceutical products. Its brand consists of JustCBD, Vessel, Melo, Haze, and Australian Vaporizers. JustCBD is a consumer-packaged goods brand with over 350 products, including cannabidiol gummies, topicals, tinctures, and vape products. JustCBD products are available for purchase in smoke and vape shops, clinics, spas, and pet stores, as well as other independent non-traditional retail channels. Vessel is the cannabis accessory and technology brand servicing the United States and Canada through direct-to-consumer and retail sales. Vessel's products include cannabis consumption accessories, personal storage, and travel accessories for the vape and dry herb categories, which are sold to consumers, dispensaries, smoke shops, and cannabis brands. Australian Vaporizers is an online retailer of vaporizers, hardware, and accessories in Australia.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








