Sannabis, Inc. (OTC: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.
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.
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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.
