Colombia’s medical cannabis market is booming, prompting many Canadian corporations to speculate closely within the nation’s rising market. With legalization doubtlessly simply across the nook, it’s hardly stunning that these organizations need in.
As Vice Information identified in 2018, the nation outdoes Canada for each value and effectivity, whereas providing loads of house for giant develop operations.
However as Canadian corporations obtained concerned with their Colombian counterparts via acquisitions, unbiased operations or partnerships, the necessity for a streamlined, dependable system of enterprise options grew to become paramount.
Now, as extra corporations from each the U.S. and Canada make their methods into the Colombian market, the necessity for a great multi-purpose system is extra crucial than ever.
Canada a Prime Investor in Colombian Cannnabis
Colombia’s sudden rise into cannabis prominence has caught the eye of entrepreneurs and companies from all around the world. However Vice Information defined that Canada was the most important investor to leap on the chance.
“Of the 14 corporations which have up to now been granted authorities licenses [as of 2018] to domesticate psychoactive cannabis in Colombia, no less than three are Canadian owned, and others have signed partnership agreements with main Canadian gamers corresponding to MYM Nutraceuticals, in accordance with firm statements. Traders from Israel and the United States are additionally getting concerned — however up to now, Canadian cash represents the most important stake within the fledgling business.”
Nonetheless, worldwide partnerships include regulatory and compliance considerations. Following all relevant legal guidelines – particularly after they radically differ from the enterprise’ residence nation – requires information and the power to trace adherence to those guidelines.
To that finish, WeedAdvisor presents options in regulatory compliance and high quality monitoring. Utilizing a system that operates in accordance with U.S. FDA requirements, we facilitate high quality management at each stage of manufacturing, proactively avoiding pricey errors.
Audits are all the time part of any good regulated business, however it’s simple to fall brief when going via the checklist of points to handle. Luckily, WeedAdvisor assists with this as properly, offering detailed documentation of each process adopted. Compliance stories are then simply accessible by any relevant authorities our bodies.
As new corporations start shifting gears or persevering with into analysis and improvement, WeedAdvisor can also be set as much as present a top quality management system for manufacturing, tools and different miscellaneous supplies.
The Present Local weather
Since Vice Information reported Colombia’s increase and Canada’s bounce into their market, extra corporations have since made strikes. Large names like Aphria and Cover Progress are establishing a powerful presence within the nation.
One notable achievement got here in early 2019. In line with New Hashish Ventures, Colombian medical marijuana producer Intelligent Leaves was the primary LP given permission to export marijuana to Canada.
On June 17th, New Hashish Ventures reported, reported that – amongst its many worldwide involvements – Cover Progress has a license to develop 13.5 million sq. toes of cannabis in Colombia.
As services proceed to function and develop, the necessity for constant, correct administration options turns into exponentially bigger.
To that finish, WeedAdvisor presents techniques able to monitoring key metrics, such manufacturing and yields. In the meantime, we facilitate the creation of every day real-time analytics to regulate quite a lot of property and processes.
Monitoring batches can also be simpler than ever with out RFID/barcode system that tracks each seed from planting to sale.
WeedAdvisor’s Plan to Help Colombia’s Hashish Business
Though WeedAdvisor presents companies related to producers, exporters and people concerned in R&D, these are just some options accessible.
Normal instruments that facilitate coaching, workers monitoring and worker compliance are additionally accessible to make recruitment and upkeep of a labour pressure simple and dependable.
WeedAdvisor additionally helps corporations model themselves and create a web-based presence via web sites, search engine optimisation and social media engagement.