Abusaid Gomez & Asociados has been a pioneer in providing legal structuring and legal support for the deployment of operations in the emerging medical cannabis market.
The firm has managed the application and processing of administrative licenses for planting, cultivating and manufacturing products derived from cannabis for medical purposes, and handles with expertise the recent regulatory framework that the Colombian government has issued in this regard.
To guarantee compliance with the ordering requirements, Abusaid Gomez & Asociados has the necessary technical expert team to design planting plans, safety protocols, sociocultural studies and other annexes that the interested party must have in order to carry out operations related to medical cannabis in Colombia.
The protection of cannabis companies financial rights within Colombia’s legal system
Even when the government has fully regulated and legitimated the cannabis industry, unfortunately, financial institutions, and particularly banks, are still coming up with obstacles for cannabis companies to acquire financial services. However, cannabis companies should be well aware that these arbitrary exclusions are averse to the rights contained within Colombia’s legal system and, therefore, they can be taken down in a prevalence of national and international economic interests.
The challenges that come along with cannabis investments in Colombia
By now, it is known that Colombia has become one of the hotspots for cannabis investors worldwide, as it has plenty of beneficial conditions for the cultivating and harvest of cannabis plants. Additionally, the current legal framework for cannabis regulation has establishes and fully regulated the possibility to acquire an administrative license.
Time is running out for registering your cannabis seeds in Colombia
Since the cannabis industry in Colombia is still growing, it is fairly difficult to find stable developed seeds that are suitable for an industrial project. Colombia’s government has addressed that matter by instituting the legal figure of “Fuente Semillera”, which opens up a window for registering seeds before the Colombian Institute of Agriculture, as long as the application is presented before December 31, 2018.
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