Colombia’s Senate failed to approve a legal framework to regulate recreational marijuana sales, making it the latest country to fall short in a bid to bring illegal cannabis sales into the regulatory fold.
A majority of Senators actually voted to approve the measure – with 47 in favor and 43 opposed – but the bill’s proponents required a minimum of 54 votes to advance the constitutional reform.
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Colombia follows Germany, Israel, Mexico and New Zealand in having announced ambitious recreational cannabis plans, only to ultimately come up short – or present significantly scaled-back plans – for various reasons.
Experts have long warned overly optimistic cannabis executives that ending prohibition and regulating the production and sale of marijuana take years and will vary from country to country.
This comes after Canadian cannabis producers spent – and lost – billions of dollars building out production capabilities around
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