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Research Outline
Prepared for Julio | Delivered July 9, 2019
I want to have a total view of the CBD market and companies and licenses in Colombia SOuth america. Also the potential markets.
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Early Findings
GOAL
To determine the total number of CBD companies and licenses in Colombia, as well as the key players and the potential market size.
EARLY FINDINGS
Colombia could potentially supply
44%
of the global demand for medicinal marijuana and has approved the harvest of
40,5 tons
of the plant for export-only proposes.
The key players in the Colombia cannabis market include
FCM Global
,
PharmaCielo, Clever Leaves
,
K
h
i
r
o
n
life Sciences
Corp,
International Cannabis Corp
,
MedCann, Santa Marta
Golden Hemp, among others.
Of the
over 100 licensed cannabis
companies operating in Colombia, "
only four companies
have fully registered cultivars with the Colombian Agricultural Institute (ICA)" as at May 2019. The
four companies include
M
e
d
c
a
n
n
, Clever Leaves, FCM Global, and Santa Marta Golden Hemp.
Registering cultivars is a
prerequisite for growing
cannabis for commercial purposes. As at May 2019,
no company
was selling or exporting medical cannabis commercially.
A
v
i
c
a
n
n
a
, a Canadian biotech company,
owns 60%
of Santa Marta Golden Hemp, while Orion
N
u
t
r
a
c
e
u
t
i
c
a
l
s
, another Canadian company,
owns 35%
of FCM Global.
Clever Leaves obtained the first
authorization to import dry cannabis flower into Canada from Columbia in January 2019, but the initial shipment will be for
scientific testing purposes
in a Canadian lab.
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