Colombia: Colombia’s New, Legal Drug Barons Focus on Medical Marijuana

Aug 4, 2016 | Ezra Kaplan, New York Times
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Last year, President Juan Manuel Santos spearheaded an overhaul of Colombia’s 30-year-old drug laws, which formally legalized medical marijuana for domestic use. Crucially, the new law also allowed the commercial cultivation, processing and export of medical marijuana products — like oils and creams — although not the flower, the part of the plant normally rolled into a joint. Officials hope the move will put a dent in Colombia’s drug trafficking business by creating a legal opportunity in an industry historically controlled by the black market. The authorities believe the new law will also help attract investment and give the economy a lift, though it will take several years before the returns on the investments become clear.