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Allied Corp Commends the Colombian Government for Passing Regulations that Advance the Export of Dried Cannabis Flower From Colombia
Allied Corp Commends the Colombian Government for Passing Regulations that Advance the Export of Dried Cannabis Flower From Colombia.
About this update from Allied Corp.
[{"type":"text","content":"\n KELOWNA, British Columbia., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Allied Corp. (\"Allied\" or the “Company”) (OTCQB: ALID) is pleased to commend the Colombian Government for passing Regulation 227 (the \"Regulation\") on February 20, 2022, which aims to enable 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. This, among other important advances, will enable Allied to begin exporting dried cannabis flower internationally. In the coming weeks, the Colombian government is expected to release further technical commercial guidelines. 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 able to enact the commercial contracts and import approval permits that it has ready to activate. “Dried cannabis flower is the fastest growing product segment of the multi-billion dollar global cannabis industry (Source: Fortune Business Insights). The enactment of this Regulation has been a 6 month process that we have been anticipating with contracts in hand. We have spent our efforts wisely during this time and to continue to build our cannabis flower inventory, gain import approvals for the receiving countries and prepare the product and supply routes for dried cannabis flower export. 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. This is exactly the regulatory advancement we have been waiting for in order to action the commercial contracts that we have in place.” said Mr. Calum Hughes, CEO and Chairman of Allied Corp.   About Allied Corp. – CLICK HERE Click here for Allied Inside™ business model website...