Gustavo Petro Takes Office in Colombia: What is The Cannabis Policy Of The First Leftist President In The History of The Country?

Gustavo Petro Takes Office in Colombia: What is The Cannabis Policy Of The First Leftist President In The History of The Country?

Gustavo Petro took office as president of Colombia on Sunday, before hundreds of thousands of people who attended the inauguration ceremony in Bogotá.

Sunday was a historic day as the former senator became the first leftist to become president in Colombia. The Petro and VP Márquez formula won the presidency after getting more than 11 million votes in the second round of elections on June 19.

With songs in the ancestral languages ​​of the "elders" (indigenous leaders) and a large mandala full of elements of nature, on Saturday Petro and Márquez, elected by the Historical Pact alliance, were spiritually invested on the eve of the formal inauguration. "I want to thank you for your presence at this ceremonial act. A government of peace, environmental justice, and social justice is going to begin here. The real power is here, in the popular movements," Petro told Colombian social organizations.

While campaigning, Petro promised a "more progressive and fair" tax scheme saying that his administration will seek to raise about $ 11,500 million and increase state resources in the country of 50 million inhabitants who have been harmed by inflation, unemployment, and poverty (39%).

The new government proposes a series of reforms to reduce the gap between rich and poor, collect taxes and create decent jobs, including the legalization of recreational cannabis.

Petro’s Cannabis Policy

During the ceremony on Sunday, Petro alluded to the anti-narcotics policy supported financially and militarily by the United States. "The war on drugs has left millions of Latin Americans murdered during these 40 years and leaves 70,000 North Americans dead from overdoses yearly. The war on drugs has led States to commit crimes and has evaporated the horizon of democracy", he said.

In July, Colombian Senator, Gustavo Bolivar, filed a bill to legalize recreational cannabis. With cannabis-friendly President Petro in office, Senator Bolívar assured that the new project will be approved.

"On July 20 we again presented the Bill that will regulate marijuana for adult use. With our majority, we are going to approve it. We will stop killing ourselves for a plant that in the USA produces $25 billion dollars/year and improves the health of the consumer," Sen. Bolivar tweeted on July 6, 2022.

The purpose of the new legislation is to create a regulatory framework for the cultivation, production, storage, transformation, marketing, and use of cannabis and its derivatives for adult use.

According to Luis Merchan, chairman and CEO of Flora Growth Corp. FLGC, one of the largest cannabis operators in Colombia, there is social and political momentum building up in the country around the legalization of cannabis for adult use. Merchan noted that Petro’s party, Pacto Historico, also has a majority in Congress.

“Clearly President Gustavo Petro is the leader of the party and clearly there is a lot of optimism, [this is] a positive momentum towards the legalization of a cannabis use framework for adult use,” Merchan told Benzinga.

For Andres Fajardo, CEO of Clever Leaves CLVR, an international cannabis company with operations in the European Union, North and Colombia, the political moment in the country may be suitable for a legal reform that makes use of local experience and the natural advantages of the country to generate decent jobs and collect taxes.

“I personally think that it is a propitious moment for this type of proposal. Colombia learned from what it did right and what it did wrong in terms of cannabis regulation. And now we can apply these learnings to the regulation of cannabis for adult use. Colombia can be a supplier of cannabis for adult use for export, due to costs, climate, and geography, because it has established companies,” Fajardo explained in an exclusive interview with El Planteo.

In addition, he stressed that the bill was presented by Deputy Gustavo Bolívar and has the endorsement of President-elect Gustavo Petro, who is in favor of legalizing the adult use of cannabis. "Colombia will be a great hub and a large internal market for cannabis for adult use and I would like to be a platform to bring those competitors to participate in the market and conquer other markets from here; I see it as a symbiosis that generates taxes and economic development," Fajardo said.

Photo via CNN.


Posted In: cannabis legalizationGustavo Petrorecreational cannabis in ColombiaWar on DrugsCannabisGovernmentLatin AmericaNewsPenny StocksRegulationsCommoditiesPoliticsMarketsGeneral


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11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.


Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral