Two Companies Become First in Latin America to Export Medical Marijuana to Europe

Two companies – one from Uruguay and one from Colombia – will soon become the first in Latin America to legally 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, reports the Associated Press. According to the firm, Germany is the largest market for the medicine 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. The announcements of the deals did not provide a dollar figure or start date.

“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

Read More Here…

Scroll to Top