Privately held PharmaCielo Ltd. today announced that its Rionegro, Colombia based subsidiary, PharmaCielo Colombia Holdings S.A.S. has submitted its formal application to Minsalud, Colombia’s Ministry of Health, and the Consejo Nacional de Estupefacientes (National Drugs Council) to become a licensed marijuana grower and processor of medicinal-grade cannabis oil extracts, with plans to file an additional license application for export in the near future.
This announcement comes after President Juan Manuel Santos signed Decree 2467 of 2015 on December 22nd establishing a licensing framework for the cultivation, processing, research and development and exportation of medical marijuana derivatives for scientific and medical purposes. The Ministry of Health and the National Drugs Council will be reviewing the applications for growing and processing licenses.
“It is our goal to become the world’s leading supplier of naturally grown high-quality medicinal-grade cannabis oil extracts and there is no better location to do so than Colombia,” said Jon Ruiz, Director and CEO of PharmaCielo Ltd. “The country’s equatorial location, and its plethora of ideal microclimates leave little doubt that Colombia will play a massive role in this rapidly developing international industry.”
PharmaCielo cites Colombia as an advantageous location when it comes to the production of large volumes of high-quality, low-cost cannabis based in large part on its expertise in the flower industry, knowledgeable and skilled labor force, environmental conditions and supportive government.
“The actions of the Government of Colombia demonstrate not only their bold commitment to the development of the Colombian economy, but also to the safety and well-being of the people of Colombia,” Mr. Ruiz stated. “We would very much like to be a part of this new economic sector and believe that with our business plan we will be a responsible partner for the government.”
PharmaCielo Colombia Holdings S.A.S is a wholly-owned subsidiary of PharmaCielo Ltd. based in Rionegro,Colombia, a suburb of Medellín. PharmaCielo Ltd., is a global company privately held and headquartered in Canada, with a focus on processing cannabis oil extracts and related products to distributors of standardized medical cannabis products, finished goods producers, research organizations and pharmaceutical companies.