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Flora Growth CEO Meets With Colombian Senator as Bill to Legalize Recreational Cannabis Is Introduced

  • July 23, 2022

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Flora applauds new Colombian bill to legalize recreational cannabis in the country proposed to the legislature on July 20

Bill proposed to Colombian legislature sets the framework for a recreational market, including regulation from INVIMA

Flora CEO Luis Merchan met with Sen. Gustavo Bolivar, the bill’s author, to discuss the impact on national and international trade

FORT LAUDERDALE, Fla. & TORONTO — Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced today that the Company met with the author of a new bill to legalize recreational cannabis on the day the legislation was introduced to Congress.

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Flora’s Chairman and CEO Luis Merchan met with Colombian Sen. Gustavo Bolivar prior to the bill’s introduction to Congress on July 20. Bolivar, the key author of the bill, and Merchan discussed the top tenants of the bill, the bill’s implications for companies such as Flora in Colombia and what legalization means for the country’s burgeoning domestic and international cannabis markets. Video of the discussion between Bolivar and Merchan can be found here.

Highlights of the discussion include:

  • Highlights a flourishing cannabis industry in Colombia, including both domestic trade and international exports
  • The future of cannabis regulations, including the potential of a new government entity solely focused on cannabis regulation
  • Cannabis pharmaceuticals and the need for government regulations
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