Colombia Legalizes Medical Cannabis Sales

Welcome to the club, Colombia.

On Tuesday, the South American nation’s president put his signature on a decree that formally legalizes the cultivation and sale of medical cannabis.

Although MMJ has technically been legal in the country since 1986, the new law will establish a regulatory structure for the cultivation and distribution of medical marijuana – in effect creating an industry around the drug.

The move could lead to hundreds of millions of dollars in medical cannabis sales, as…

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