Colombian Company Ships First Ever Batch Of Cannabis Essential Oil To Boston

Zinger Key Points
  • Sannabis, a Colombian cannabis company, ships its first cannabis essential oil to the U.S., aiming to enhance the cannabis experience.
  • Sannabis's U.S. entry showcases Colombian cannabis potential.
Loading...
Loading...

Sannabis, Inc. USPS a Colombian cannabis company, is celebrating its first shipment of Cannabis Essential Oil to the United States. The product  NO LICK! Terpene Spray will be available first in Boston retail stores. This milestone comes on the heels of the DEA’s decision to reclassify marijuana from Schedule I to Schedule III.

Colombia Makes Its Mark

Sannabis, which operates fully licensed cannabis operations in Colombia, is using this shipment to distribute a spray that aims to enhance the cannabis experience. The company has secured the necessary documentation to ship through DHL and other global carriers. This achievement highlights the company’s commitment to bringing innovative cannabis products to the U.S. market.

U.S. Food and Beverage Companies Show Interest

The company’s pure essential oil is also garnering attention from U.S. food and beverage companies seeking to incorporate cannabis terpene aroma, flavoring, and therapeutic benefits into their products without violating federal marijuana laws. Samples of the oil are being sent to interested companies.

Loading...
Loading...

Role Of Terpenes

Terpenes, aromatic compounds found in cannabis are thought to enhance the effects of cannabinoids such as THC and CBD through the “Entourage Effect.” These compounds are gaining recognition for their therapeutic benefits, with EEG scans showing that CBD products are more effective for relaxation when combined with terpenes.

Cannabis Insider Episode on Terpenes

Struggles In The U.S. Market

While Sannabis is celebrating its first U.S. shipment, other Colombian cannabis operators have been facing challenges in the U.S. market. Once a cannabis pioneer, Clever Leaves Holdings Inc. (CLVR) has recently announced its plan to voluntarily delist from NASDAQ and deregister its securities. This financial move, approved by the company’s Board of Directors, is part of a broader restructuring plan.

If you want to better understand the global cannabis market, join us at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players and policymakers and ask them your questions.  Get your tickets now by following this link, and access a 20% discount using the code JAVI20.

Colombian Advantage In Cannabis Production

With low-cost production, potential exports and a well stablished regulatory framework, Sannabis stresses the advantages of Colombian production with sound arguments, recent developments in the land of great coffee and cannabis.

The industry has faced recent legislative setbacks as the Colombian Congress shelved a bill aimed at regulating the adult use and commercialization of cannabis. President Gustavo Petro criticized the Senate’s decision to stop the legalization measure, arguing it benefitted the illegal drug trade and violence.

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsCannabisColombiaSANNABIS
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...