Colombia: 2021 Colombia Hemp Annual Report

In 2016, the Colombian government permitted production and distribution of hemp for medical and scientific purposes. Despite optimal growing conditions and considerable foreign investment, Colombia’s hemp industry still struggles to compete globally due to market oversaturation, overregulation, and climate challenges. Simultaneously, the Colombian market remains unfavorable to U.S. exports due to internal decisions restricting imports of hemp and cannabis products to just a small number of countries.