The mayor of Bogota, the Colombian capital, Claudia Lopez, signed has signed a cannabis agreement establishing guidelines for the awareness, promotion, and research of the medical, cosmetic, and industrial cannabis sector in Bogota. The agreement contains a comprehensive suite of reforms targeting everything from developing legitimate economic opportunities, to breaking down social stigma.
The mayor of Bogota, Claudia Lopez, signed this Tuesday, February 15, 2022, Agreement 832 of 2022, which establishes guidelines for the awareness, promotion, and research of the medical, cosmetic and industrial cannabis sector in Bogota.
The agreement, brings about long-overdue reforms which have been making headlines for some time now; all stories which we have covered here and in our companion app. Download for free: cannabis news app.
Creating a Legitimate Cannabis Economy
The agreement orders the promotion of capital generation for SMEs and MSMEs in the medical, cosmetic, and industrial cannabis sector in the city, such as seed and venture capital, among others. It also calls for the promotion of strategic alliances at the national level leading to bank-arization and access to credit for MSMEs.
Similarly, the agreement that was authored by Councilman Juan Baena, from the New Liberalism party, in its procedure in the Council of Bogota, determines that the Secretariat of Security will design and implement an awareness strategy in the Metropolitan Police of Bogota to disseminate knowledge about the legal framework and the economic and social benefits generated by the medical cannabis sector.
Clearing Up Legal Gray Areas in Cannabis
Likewise, the Secretariat of Security shall provide knowledge to the police force regarding the recognition and differentiation of legal and illegal commercial activities related to cannabis and, therefore, the different procedures that should be advanced in each case. This awareness strategy should also be advanced with the general public.
“With the approval of this project, we are taking a big step against stigmatization and false moral dilemmas that do not allow us to move forward as a society. We are giving the opportunity to the promotion of cannabis in its medicinal, cosmetic, and industrial uses”, mentioned Councilman Juan Baena when the project was approved in the Council.
After the issuance of this agreement, the District Administration, headed by the Secretary of Development, must work on the economic and skills strengthening of the sector, the generation of awareness-raising measures with citizens and law enforcement, the promotion of associativity between small and medium farmers to have the first cannabis cluster in the country, and promote research, development, and innovation for this sector.
On the other hand, the agreement also establishes that the District Health Secretariat will seek to formulate, within the framework of some of its public policies, strategies, plans, programs, and lines of research on medical cannabis in Bogota. To this end, the Health Secretariat will be able to act in coordination with different entities of the sector with the District Institute of Science, Biotechnology, and Innovation in Health.
Draft Agreement Approved
The agreement was signed this Tuesday and will come into force as of February 15 in the country’s capital. The draft agreement had been approved with 34 votes in favor and one against in the plenary session of the Council.
It is worth mentioning that this project gathered the requests of small and medium entrepreneurs, who see the need to be banked and have access to credits to strengthen their businesses. Experts assure that Colombia could be a pharmaceutical power in cannabis, surpassing the exports of cocoa, rubber, and manufactured goods.
According to figures provided by Councilman Baena and based on Fedesarrollo projections, by 2019 there were around 1,510 jobs in the country’s medical cannabis industry. By 2025 that figure could reach 12,031 jobs and by 2030 about 41,748 jobs.
Likewise, growth projections for the global legal cannabis market are projected to possibly be moving from 7% in 2018 to a 44% legal market by 2025.
“This sector will be fundamental in the process of economic reactivation of the country. But we must also overcome the dilemmas related to the plant and understand that it has medicinal properties for the cure of many diseases such as arthritis, epilepsy, HIV, chronic pain, and Alzheimer’s, among others,” said the lobbyist in recent days, when the project passed to the sanction of Mayor Claudia Lopez.
(Photo by Kevin Hupfer on Unsplash)
DISCLAIMER: This article was written by a third-party contributor and does not reflect the opinion of Hemp.im, its management, staff, or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Semana , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Angelique Moss is a London-based entrepreneur, writer, and traveller. The world of business, finance, and technology, is her preferred cup of tea. She also writes about the developments and discussions on health, art, luxury and media. A top writer for several Medium publications, she has published hundreds of widely read articles on investing, stocks, global markets, cannabis, and technology for multiple platforms. She is also interested in culture, history, and social affairs.