Flora Growth Applauds Update to Colombian Cannabis Regulations that Substantially Increases Revenue Potential; Executes International Cannabis Supply Agreement
The reformed legislation is aimed at improving access to cannabis products for Colombians and positions Colombia as the leader to supply the global cannabis market.
- The reformed legislation is aimed at improving access to cannabis products for Colombians and positions Colombia as the leader to supply the global cannabis market.
- Through this legislative update, Colombian cultivators like Flora, have gained access to this massive segment of the global market that was previously inaccessible.
- By permitting the sale of cannabinoid medical products through drugstores as custom formulas, access to cannabis products is substantially increased within the domestic Colombian market.
- This legislative update immediately accelerates Floras ability to generate revenue through the sale of our cannabis flower to international markets, as noted by our first international supply agreement.