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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
Operations Inside The Tweed Inc. Production Facility As Trudeau Win Signals Gains For Marijuana Stocks
Photographer: James MacDonald/Bloomberg
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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.