Business
Allied Corp Commends Colombian Government for Announcing the Final Approval of the Regulations for the Export of Cannabis From Colombia
Allied Corp Commends Colombian Government for Announcing the Final Approval of the Regulations for the Export of Cannabis From Colombia.
About this update from Allied Corp.
[{"type":"text","content":"\n KELOWNA, British Columbia, April 04, 2022 (GLOBE NEWSWIRE) -- Allied Corp. (\"Allied\" or the “Company”) (OTCQB: ALID) is pleased to commend the Colombian Government for the final approval of Regulation 227 (the \"Regulation\") which describes the technical guidelines regarding the export of cannabis flower from Colombia. On July 23, 2021, the President of Colombia, President Ivan Duque, signed Decree 811 lifting the prohibition on exportation of dried cannabis flower from Colombia. In October 2021, Allied was asked to provide first comment on the Regulation and then in November 2021, second comment. On February 20, 2022, Regulation 227 was officially announced by the President of Colombia introducing the practical regulations and implementation plan for the export of cannabis flower. On April 01, 2022, the Colombian Government has released final approval of the technical guidelines necessary for the export of cannabis flower. This, among other important advances, will enable Allied to begin exporting dried cannabis flower internationally to countries where it is legal to do so. Of note, the United States still has a legal limit of 0.3% THC. While only a few Colombian companies have been able to successfully export cannabis derivatives such as CBD distillate and isolate, up until now, the export of dried flower from Colombia has been prohibited. Allied has successfully shipped to several international markets and will now be submitting for multiple export requests for dried cannabis flower destined for international markets. “Dried cannabis flower is the fastest growing product segment of the multi-billion dollar global cannabis industry (Source: Fortune Business Insights). Unlike processed products such as isolate, high quality cannabis flower must come to market with the aesthetics and terpene/cannabinoid profile that the customer wants. This is where Allied excels. We are excited to immediately take action with our first shipments of cannabis flower from Colombia to international markets,” said Mr. Calum Hughes, CEO and Chairman of Allied Corp. About Allied Corp. – CLICK HERE Click here for Allied Inside™ business model website: CLICK HERE Allied Corp. is an international cannabis company with its main production center in Colombia and is one of the few companies that has exported f...