Colombia's President Wants Weed Legalized Despite Senate Opposition: Prohibition Increases 'Profits Of Drug Trafficking, Violence' - Clever Leaves Holdings (NASDAQ:CLVRW), Clever Leaves Holdings (NASDAQ:CLVR)

The Colombian Senate has put on hold a measure seeking to legalise marijuana, despite it having advanced through the Chamber of Representatives and a Senate committee. Colombian President Gustavo Petro objected to the decision, arguing that it would increase the profits of drug trafficking and its violence. If lawmakers decide to implement the reform, they will have to start the two-year legislative process from scratch next year.

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