Home Business Mexico has the potential to become the main supplier of cannabidiol (CBD) in the world

Mexico has the potential to become the main supplier of cannabidiol (CBD) in the world

by sanmigueltimes
0 comment

Cannabidiol is a raw material derived from marijuana which is used to produce food supplements and drugs for the treatment of various diseases. According to Jorge Treviño, general director of BeHemp, though the sale of cannabis-based products in Mexico is still a ‘virgin’ market, its value is estimated at approximately 8 billion dollars in Canada.

At a press conference, he explained that the Canadian industry can only generate one crop per year, while in Mexico it could produce up to three per year, due to weather conditions.

“Although Canada is one of the main suppliers and the largest in America, we could triple their harvest, which would make us one of the main hemp suppliers in the world,” he said.

When presenting the Chamber of the Cannabis Industry in Mexico, made up of pharmaceutical companies such as Hempmeds, Master Pharmacies, CBD Life, Be Hemp and Dr. Brooners, he commented that, though the law does not allow cultivation for industrial use, they expect that the initiative presented by the new Minister of Interior, Olga Sánchez Cordero, will enable them to grow marijuana.

They explained that, at this time, the import of CBD cannabis or hemp is the only option available. If the culture of marijuana for industrial use were legal, it would allow them to lower their product prices.

In this regard, they stated that there is still a cultural fear of “legalizing a product that has only been distributed through drug trafficking,” but through this initiative, pharmaceutical companies hope to give the marijuana industry room for growth. They also stated that in the last weeks of December they will begin to market their first cannabis products.

Source: https://www.puntomedio.mx/

You may also like

Leave a Comment

Our Company

News website that serves the English-speaking community in San Miguel with information and advertising services that exceed their expectations.


Laest News

@2024 All Right Reserved by San Miguel Times

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Update Required Flash plugin