Over $1.5 Billion in Potential Total Value, Including Approximately $1.1 Billion in Upfront Cash, up to $250 Million in Sales-Based Milestone Payments and an Estimated NPV
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.