We Visited the Small Town in Colombia That Will Supply the World With Weed

Herb.co – Jul 30, 2018

Colombia’s climate and farming industry perfectly position it to dominate the global cannabis market. PharmaCielo’s growing facility [is] the largest legally operating cannabis farm in Latin America and home to the first legal cannabis plants in the country. The joint Canadian-Colombian company, PharmaCielo, was the first company to obtain licenses to legally cultivate medical cannabis in Colombia after it was legalized in 2016. Their facility in Rionegro, Antioquia is the beginning of what could become a multibillion-dollar industry. To put this into perspective, legal cannabis could be worth more than the country’s flower, coffee, coal and banana exports—all four of which are among Colombia’s top export products—combined. In North America, it can cost cultivators tens of thousands of dollars to replicate these conditions with artificial heat and lighting. According to some sources, a gram of CBD extract can be produced for as low as $0.35 in Colombia, whereas in Colorado—where indoor cannabis production is commonly used—it would cost roughly $1.75. This is how Colombia could soon produce an estimated one-fifth of the world’s total medical cannabis. And PharmaCielo is positioned to be at the forefront of this boom. . . .