World's Weed Growers Have New Rival to Fear From South America

  • Colombia sees companies exporting medical marijuana in 2016
  • Andean nation is also major producer of illegal marijuana
Photographer: James MacDonald/Bloomberg
Lock
This article is for subscribers only.

Colombia, famed for the violence of its cocaine cartels, is planning a move into the more genteel drugs business of marijuana-based oils and creams.

The Andean nation’s climate and regulations make it ideally suited to profit from the incipient trade in legal marijuana, Health Minister Alejandro Gaviria said in a Jan. 8 interview in his Bogota office. The country legalized use of the drug for medical purposes last month.