Canadian company PharmaCielo Ltd. said it has been granted the first Colombian licenses to cultivate marijuana with unrestricted percentages of THC and CBD, creating a major opportunity for the company to grow and process medical cannabis.

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Until now, the Colombian government allowed cultivation of only non-psychoactive cannabis with little to no THC, according to a news release.

Colombia legalized medical marijuana in 2015, and its MMJ industry is slowly coming together.

Here’s what you need to know:

  • PharmaCielo Colombia Holdings S.A.S. – a subsidiary of the Toronto-based parent company PharmaCielo Ltd. – has built a cultivation facility with 1.3 million square feet of greenhouse space since receiving a license to manufacture in 2016.
  • The Rionegro-based grower plans to supply plant seedlings to fill more than 2,500 acres of contract growers’ open-air greenhouses.
  • PharmaCielo Colombia announced a partnership earlier this year with Cooperativa Caucannabis. Comprised of 63 farmers, Cooperativa Caucannabis applied for its own cultivation license for a new greenhouse facility to be jointly operated with PharmaCielo Colombia.

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