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Article: Warren Buffett’s Son Battles Colombia’s Booming Cocaine Trade | Cannabis Law Report | How to order Skittles Moonrock online

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EL TAMBO, Colombia—After years growing the crop used to make cocaine, Mayerly Sánchez tore the plants from the ground, switched to coffee and gave up the bulk of her income.

She worried she would struggle to make ends meet while waiting for the coffee plants to mature. She also feared the gangs that bought her coca would retaliate.

But she had an unlikely partner with deep pockets and a knack for convincing farmers to wean themselves off the cocaine trade: Howard Buffett, the 70-year-old son of legendary investor Warren Buffett.

From his Illinois farm, the idiosyncratic middle child of Berkshire Hathaway’s chief executive has devoted himself to quietly bankrolling a nation-building experiment in Colombia—coaxing coca farmers like Sánchez to step off the lowest rung of the country’s cocaine industry.

“I did it for my children,” Sánchez, 37, said, “and for my own peace of mind.”

Successive Colombian governments, with help from U.S. administrations trying to curb the northbound flow of cocaine, have tried for decades to get farmers to uproot coca and plant legal alternatives. Those efforts have largely failed.

But the $170 million initiative led by Buffett and his partner in Colombia—Mercy Corps, a Portland, Ore.-based group that employs nearly 1,000 people here—has enticed more than 3,200 farming families around El Tambo to uproot their coca plants and grow legal crops instead, even as the narcotic flourishes nearby.

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https://www.msn.com/en-us/money/markets/warren-buffett-s-son-battles-colombia-s-booming-cocaine-trade/ar-AA1LzLLg

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