The new Draft of Regulatory Decree for Medicinal Cannabis: Part 3 - Protection of Small and Medium Cannabis Cultivators
In the third issue of our series, we will make some remarks on the most important changes the proposed regulation has towards the protection of small and medium size cannabis cultivators and the effect the proposed regulation has, regarding the applications for a license of fabrication of cannabis derivates.
The New Draft of Regulatory Decree for Medicinal Cannabis - Part 2: Proposed Regulations on International Trade
The first article of our weekly series explained and analyzed the changes in the general requirements for application to every cannabis license issued in Colombia. In our second delivery we will analyze the differences between the current regulations and the Draft Decree regarding international trade operations (import and export) of cannabis.
Stay up to date with relevant and recent information about legal updates.
The new draft of Regulatory Decree for Medicinal Cannabis: Part 1 - Change to the general requirements of license applications
The Ministry of Health has proposed a new Draft Decree regarding the Safe and Informed Access to the Use of Medicinal Cannabis, to replace the current one (Decree 613 of 2017). This is the first of a series of weekly articles explaining the most important changes that the new Decree will bring. In this article we will analyze the new general requirements for all cannabis licenses and its effect on license application.
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.
Colombia’s cryptocurrency bill seeks to provide a ground of legal security for the industry
Considering that last year the cryptocurrency market was valued in USD 540 million, it is easy to see why this industry has multiplied its growth in Colombia at an alarming speed. Despite this, until now Colombian institutions have failed to provide legal security for cryptocurrency operators and acquirers.To emend this situation, Congress is discussing a cryptocurrency bill, which also addresses the use of blockchain technology.