Colombia’s new, legal drug barons focus on medical marijuana

“Like many drug barons in Colombia, Federico Cock-Correa wants to sell his product globally. Just 15 miles outside Medellín, Mr. Cock-Correa is looking to replace vast acres of flowers with marijuana plants, with plans to export the harvest,” the New York Times is reporting.

“But unlike the brutal heroin and cocaine trade that once flourished nearby, his operation has the government’s stamp of approval.

“Last year, President Juan Manuel Santos spearheaded an overhaul of Colombia’s 30-year-old drug laws, which formally legalized medical marijuana for domestic use. Crucially, the new law also allowed the commercial cultivation, processing and export of medical marijuana products — like oils and creams — although not the flower, the part of the plant normally rolled into a joint.

“Officials hope the move will put a dent in Colombia’s drug trafficking business by creating a legal opportunity in an industry historically controlled by the black market. The authorities believe the new law will also help attract investment and give the economy a lift, though it will take several years before the returns on the investments become clear.

“’It’s health; it’s science; it’s the opportunity to redeem the name of the country,’ said Mr. Cock-Correa, who heads the Colombian arm of PharmaCielo, one company looking to capitalize on the new rules. ‘It’s a shift from producing the plant that kills to producing the plant that cures.’

“Businesses in Colombia like PharmaCielo believe they can establish a foothold in the drug industry, just as their illegal counterparts did in past years. In the United States, the marijuana industry remains bogged down in clashes between local and federal regulation. Though some states have legalized the drug in recent years, the federal government currently bars the import of any marijuana products.”

The rest of the article is here.

About jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.
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