facebook
linkedin
twitter
About Us
  • BFSI
  • Energy
  • Infocom
  • Mining
  • Venture
  • Industry
  • Travel
  • Civic
  • Food, Health, Ag
  • Real Estate
  • Responsibility
  • Economy
  • Law & Justice
  • Interview
  • Analysis
The International Narcotics Control Board (

UN Board Allocates To Colombia 56.5 Ton High-THC Regulated Marijuana Production Quota

Posted On December 30, 2019
By : Loren Moss
Comments: 2
Tag: cannabis, frankfurt: a2jmzc, Grupo Técnico de Cupos, INCB, International Narcotics Control Board, juan diego alvarez, Khiron, khiron life sciences, marijuana, OTCQB: KHRNF, tqg, TSXV: KHRN, un, united nations

Colombia has been awarded a record high quota of 21.84% of worldwide high -THC for commercial and scientific purposes. The quota, which is awarded by the International Narcotics Control Board (“INCB”), an independent body for the implementation of the United Nations Drug Convention, affirms Colombia’s role as one of the most important supply sources for the licensed global cannabis economy.

The quota allocation of 56.5 tons (131,000 pounds) of dry flower for Colombia in 2020, affirms that the international community governing legalized narcotics recognizes the important work of the Colombia government in establishing an effective regulatory framework to support national and worldwide cannabis demand.

The INCB was recently in Bogotá to conduct a two-day training session on the requirements of international drug control treaties regarding the regulation, licensing and reporting obligations under the 1961, 1971 and 1988 international drug control conventions. On December 11 & 12, the INCB secretariat explained how international drug control systems function and allow limited access for legitimate scientific and medical purpose. The organ also discussed statistical reporting obligations under the existing conventions.

“We welcome the INCB announcement and congratulate the government of Colombia on the achievement. The 2020 quota guarantees access to new medical products that can transform patients’ lives,” said Juan Diego Alvarez, the vice president of regulatory affairs for Khiron Life Sciences Corp.

Khiron Life Sciences (TSXV: KHRN, OTCQB: KHRNF, Frankfurt: A2JMZC) claims to be currently the only cannabis company in Colombia with an allocation of quota to manufacture psychoactive medical cannabis for commercial domestic purposes, and one of the few companies also authorized to meet export demand. The authorization is a result of commercial quotas allocated to Khiron by the Colombian Technical Quotas Group (“TQG”), which permit the company to cultivate and commercialize up to 560 kg – or approximately, 65,000 units – of psychoactive, high-THC cannabis in 2019. As of April 2019, Khiron has applied for additional commercial quotas for high-THC cannabis for 2020. TQG decisions on commercial quotas for the year are anticipated to be announced by February 2020.

Photo courtesy INCB

DON'T MISS OUT: The only English-language Colombia news that's strictly business, markets, & investment!
Join global executives & investors by subscribing to our FREE weekly updates
I agree to have my personal information transferred to MailChimp ( more information ) DISCLAIMER: Protección de Datos Personales Artículo 15 de la Constitución Política de Colombia, ley 1581 de 2012 y decreto 1377 de 2013.
We will never spam you or share your email address ¡Nunca Jamás!

Share the news!

  • Facebook
  • Twitter
  • Print
  • WhatsApp
  • LinkedIn
  • Skype

Related

Share your thoughts:

comments

About the Author
Loren Moss is the founder and publisher of Finance Colombia. He has over 20 years of international business experience, including over a decade of experience in securities, insurance, and commercial real estate, at the institutional and international level.
  • google-share
Previous Story

Inmobiliaria Bondue Issues $5 Million USD Credit Facility to Toronto Based CBD Developer Avicanna

Next Story

Colombian Juice & Chocolate Vendor Kasa Wholefoods S.A.S. To Be Purchased By Canada’s Flora Growth Corp.

Related Posts

medical marijuana cannabis khiron life sciences pharmacielo new colombia resources (Credit: futurefilmworks / Pixabay)
0

Khiron Life Sciences Publishes Medical Study Showing Cannabis Efficacy In Pain Treatment

Posted On April 5, 2022
, By Loren Moss
Wilson Ruiz Orejuela, Minister of Justice and Law, and Juan Gonzalo Botero Botero, Deputy Minister of Agricultural Affairs of the Ministry of Agriculture and Rural Development join President Ivan Duque at the podium and health minister Dr. Fernando Ruíz Gómez announcing the legislation.
0

Colombian Government Approves Domestic Commercialization Of Non-Psychoactive Cannabis Products

Posted On April 5, 2022
, By Loren Moss
Gustavo Petro (photo:gustavopetro.com.co)
0

Colombian Presidential Candidate Gustavo Petro Promises To Nationalize Pensions, Bypass Congress & Rule By Decree If Elected

Posted On March 14, 2022
, By Loren Moss

2 Comments

  1. Pingback: The Buzz: Fins, fungus and failing friends

  2. Pingback: Blog: UN Board Allocates To Colombia 56.5 Ton High-THC Regulated Marijuana Production Quota – Finance Colombia | Brexit Compliance News





Search

RECENT

POPULAR

COMMENTS

The World’s 50 Best Restaurants today reveals Leonor Espinosa of Leo, Bogotá, as the 2022 winner of The World’s Best Female Chef Award, sponsored by Nude Glass

Colombian Leonor Espinosa Named "World's Best Female Chef"

Posted On May 18, 2022
Grand Bahamas photo © Loren Moss

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022
Colombia’s attorney general charged Russian national Sergein Vagin and six other people

Alleged Russian Spy Charged…With Running A Gambling Mafia

Posted On April 12, 2022

Viva Launches Nonstop Routes To Buenos Aires, Argentina From Medellín & Bogotá, Colombia

Posted On April 12, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Court Blocks Colombia’s $370 Million USD Emergency Loan To Bankrupt Avianca Airlines

Posted On September 12, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

AVIANCA IS BANKRUPT

Posted On May 10, 2020

[…] damn what she said. She and...

Posted On April 4, 2022

[…] by short sellers seeking to...

Posted On March 22, 2022

[…] no longer travel freely...

Posted On March 8, 2022

[…] Duque’s administration will...

Posted On March 8, 2022

[…] See also: 13 Police Injured In...

Posted On March 3, 2022

Watch This!

Consider Advertising With Us

Click here to visit Expat Group's English site

Subscribe Free

don't forget to include "http://"
* = required field
Your Background / Function








unsubscribe from list

RECENT

POPULAR

COMMENTS

The World’s 50 Best Restaurants today reveals Leonor Espinosa of Leo, Bogotá, as the 2022 winner of The World’s Best Female Chef Award, sponsored by Nude Glass

Colombian Leonor Espinosa Named "World's Best Female Chef"

Posted On May 18, 2022
Grand Bahamas photo © Loren Moss

Bahamas Seeks Air Connectivity With Colombia

Posted On May 18, 2022
Roberto Kriete, avianca's main shareholder and chairman of the Board of Directors.

Shareholders Of Viva, Avianca & Gol Announce The Creation Of Abra Group To Dominate South American Skies

Posted On May 11, 2022

Romanian Cybercriminal Mihai Ionut Paunescu Captured In Colombia

Posted On June 29, 2021
Photo montage courtesy EPM

EPM’s Board of Directors Resign En Masse, Creating Crisis For Mayor Daniel Quintero

Posted On August 17, 2020

Deadly Riots & Protests Against Police Brutality Break Out Across Colombia

Posted On September 10, 2020

[…] damn what she said. She and...

Posted On April 4, 2022

[…] by short sellers seeking to...

Posted On March 22, 2022

[…] no longer travel freely...

Posted On March 8, 2022

Watch This!

Contact Us (Click the image):

Pages

  • About Us
  • Colombia Events, Conferences, Festivals and Important Dates
  • Contact Us
  • main
  • Media Partnerships
  • Privacy Policy
  • Search Results
  • Whatsapp test page
Copyright 2014-2020 Finance Colombia All Rights Reserved. We may earn commissions from qualifying purchases.
Posting....
WhatsApp us