Colombia's cannabis exports almost double in 2022

Colombia's cannabis exports nearly doubled last year as the South American country aims to meet the demand of a small but growing international import market. Between January and November 2022, Colombia exported $8.4 million worth of cannabis, a 96 percent increase compared with the same period last year, according to ProColombia, the government agency responsible for promoting Colombia's nontraditional trade. citing data from Colombia's National Statistics Institute, ProColombia said 13 companies exported the product to 14 countries. 58 percent of exports go to Latin America and the Caribbean, with the largest destination for Colombian cannabis exports being Argentina, accounting for 40 percent of the total value, and the remaining destinations being: Brazil (14 percent), Australia (12 percent), Switzerland (7 percent), Israel (6.5 percent), the United States (6 percent), and Germany (5.5 percent). more than 90 percent of Colombia's cannabis exports in 2022 will come from Bogotá, Cundinamarca and Antioquia departments, and the government said 12 other regions have been identified as sectors with high cannabis export potential.

Information source: mjbizdaily.com/