{"id":77,"date":"2023-08-17T19:42:48","date_gmt":"2023-08-17T19:42:48","guid":{"rendered":"https:\/\/jonekush.cc\/?p=77"},"modified":"2023-08-17T19:42:48","modified_gmt":"2023-08-17T19:42:48","slug":"mexicos-legal-cannabis-business-takes-next-step-with-cbd-focused-firm","status":"publish","type":"post","link":"https:\/\/jonekush.cc\/index.php\/2023\/08\/17\/mexicos-legal-cannabis-business-takes-next-step-with-cbd-focused-firm\/","title":{"rendered":"Mexico&#8217;s legal cannabis business takes next step with CBD-focused firm"},"content":{"rendered":"<div class=\"article-body__primary-asset__2nVOM\" role=\"figure\" data-testid=\"primary-image\" aria-describedby=\"primary-image-caption\">\n<figure class=\"primary-image__container__3_KhI\">\n<div class=\"primary-image__image__1zwAE\" data-testid=\"Image\">\n<div class=\"styles__image-container__skIG1 styles__fill__3xCr1 styles__center_center__1AaPV styles__apply-ratio__1_FYQ\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/YPDMFOUYT5NE7EA6YXJXM4HSPE.jpg\" sizes=\"auto, (min-width: 1024px) 560px, (min-width: 1440px) 700px, 100vw\" srcset=\"https:\/\/www.reuters.com\/resizer\/3IDY3PY0B_vqH4Ugwppkxyez1ZY=\/480x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/YPDMFOUYT5NE7EA6YXJXM4HSPE.jpg 480w,https:\/\/www.reuters.com\/resizer\/JinI_Q__zD4N_fvZSCpXuBadE4k=\/960x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/YPDMFOUYT5NE7EA6YXJXM4HSPE.jpg 960w,https:\/\/www.reuters.com\/resizer\/wWcWqnD-3u5u3R3P66E5HKrerso=\/1080x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/YPDMFOUYT5NE7EA6YXJXM4HSPE.jpg 1080w,https:\/\/www.reuters.com\/resizer\/dWBrSrX4suHBkA3t630tn4kWfLQ=\/1200x0\/filters:quality(80)\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/YPDMFOUYT5NE7EA6YXJXM4HSPE.jpg 1200w\" alt=\"Marijuana leaves are seen next to Mexico's Senate building  at the protest cannabis garden of the Cannabico Mexican Movement\" width=\"7689\" height=\"5129\" \/><\/div>\n<\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__ultra_small__37j9j body__full_width__ekUdw body__ultra_small_body__1lUQl primary-image__caption__3Ayt0\" data-testid=\"Body\">Marijuana leaves are seen next to Mexico&#8217;s Senate building at the protest cannabis garden of the Cannabico Mexican Movement in Mexico City, Mexico November 19, 2020. REUTERS\/Carlos Jasso\/File Photo\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_ collapsible-caption__license__Nbbf3\" href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">Acquire Licensing Rights<\/a><\/p>\n<\/figure>\n<\/div>\n<div class=\"article-body__content__17Yit\">\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">MEXICO CITY, March 9 (Reuters) &#8211; Mexico&#8217;s nascent legal cannabis industry on Thursday welcomed its first company authorized to grow at commercial scale, focused on a booming niche market that mostly sidesteps the mind-altering qualities of the plant&#8217;s flowers.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">The local unit of Canada&#8217;s Xebra Brands\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/companies\/XBRA.CD\/\" target=\"_blank\" rel=\"noopener\" data-testid=\"Link\">(XBRA.CD)<\/a>\u00a0is the first company to obtain permits to cultivate, process, produce and market cannabis in Mexico, the firm said in a statement.<\/p>\n<div class=\"article-body__element__2p5pI\">\n<div class=\"spacing-container__container__2g5QT spacing-container__t-spacing-single-three-quarters__2_moJ spacing-container__b-spacing-single-three-quarters__1fuBK spacing-container__max-width__zScFd\" data-testid=\"ResponsiveAdSlot\">\n<div class=\"ad-slot__container__FEnoz ad-slot__fixed-height__6m70D\"><span class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__extra_small__1Mw6v label__label__f9Hew label__small__274ei ad-slot__scroll-notice__GCgrV\" data-testid=\"Label\">Advertisement \u00b7 Scroll to continue<\/span><\/p>\n<div class=\"ad-slot__inner__2u45U ad-slot__others__mQ8-F\">\n<div>\n<div id=\"reuters_desktop_native_1\" class=\"ad-slot__slot__2lKAK\" data-google-query-id=\"CIXe2-i55IADFefhlAkd8LEIlQ\">\n<div id=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_1__container__\"><iframe id=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_1\" tabindex=\"0\" title=\"3rd party ad content\" role=\"region\" name=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_1\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" aria-label=\"Advertisement\" data-load-complete=\"true\" data-google-container-id=\"4\" data-integralas-id-31ecbd40-739a-84ba-8a54-ce56e94373ed=\"\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<div class=\"__fs-ancillary\">\n<div class=\"report-ad-container \"><button id=\"btn-reuters_desktop_native_1\" class=\"report-ad-button\" aria-label=\"Report this ad\">Report this ad<\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-2\">The authorizations mark the latest step in a major shift away from the Mexico&#8217;s decades-long criminalization of the plant that was once a major source of revenue for powerful drug gangs.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-3\">However in a potential setback, Mexico&#8217;s health regulator COFEPRIS said later on Thursday in a joint statement with the interior ministry that officials could not vouch for the safety of the company&#8217;s plans.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-4\">The statement added that the agencies will seek to cancel the authorizations due to the health risk they pose.<\/p>\n<div class=\"article-body__element__2p5pI\">\n<div class=\"spacing-container__container__2g5QT spacing-container__t-spacing-single-three-quarters__2_moJ spacing-container__b-spacing-single-three-quarters__1fuBK spacing-container__max-width__zScFd\" data-testid=\"ResponsiveAdSlot\">\n<div class=\"ad-slot__container__FEnoz ad-slot__fixed-height__6m70D\"><span class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__extra_small__1Mw6v label__label__f9Hew label__small__274ei ad-slot__scroll-notice__GCgrV\" data-testid=\"Label\">Advertisement \u00b7 Scroll to continue<\/span><\/p>\n<div class=\"ad-slot__inner__2u45U ad-slot__others__mQ8-F\">\n<div>\n<div id=\"reuters_desktop_native_2\" class=\"ad-slot__slot__2lKAK\" data-google-query-id=\"CJ7z--i55IADFeoeswAdBxQHmw\">\n<div id=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_2__container__\"><iframe id=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_2\" tabindex=\"0\" title=\"3rd party ad content\" role=\"region\" name=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_2\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" aria-label=\"Advertisement\" data-load-complete=\"true\" data-google-container-id=\"5\" data-integralas-id-56e83606-c284-60f8-a9d2-7e432d106730=\"\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<div class=\"__fs-ancillary\">\n<div class=\"report-ad-container \"><button id=\"btn-reuters_desktop_native_2\" class=\"report-ad-button\" aria-label=\"Report this ad\">Report this ad<\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-5\">The health regulator had to approve the permits after Mexico&#8217;s Supreme Court in late 2021 gave Xebra Brands&#8217; subsidiary Desart MX a partial greenlight to import seeds, and grow, process, sell and export cannabis products with 1% or less THC, the plant&#8217;s psychoactive substance.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-6\">Desart MX, however, is more focused on marketing products with another of the plant&#8217;s components known as cannabidiol, or CBD, which does not make users high but is used to treat ailments such as insomnia, pain and anxiety.<\/p>\n<div class=\"article-body__element__2p5pI\">\n<div class=\"spacing-container__container__2g5QT spacing-container__t-spacing-single-three-quarters__2_moJ spacing-container__b-spacing-single-three-quarters__1fuBK spacing-container__always__1sLhR spacing-container__max-width__zScFd\" data-testid=\"ResponsiveAdSlot\">\n<div class=\"ad-slot__container__FEnoz ad-slot__fixed-height__6m70D\"><span class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__extra_small__1Mw6v label__label__f9Hew label__small__274ei ad-slot__scroll-notice__GCgrV\" data-testid=\"Label\">Advertisement \u00b7 Scroll to continue<\/span><\/p>\n<div class=\"ad-slot__inner__2u45U ad-slot__others__mQ8-F\">\n<div>\n<div id=\"reuters_desktop_native_3\" class=\"ad-slot__slot__2lKAK\" data-google-query-id=\"CN3k_ui55IADFSjplAkdnswFSA\">\n<div id=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_3__container__\"><iframe id=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_3\" tabindex=\"0\" title=\"3rd party ad content\" role=\"region\" name=\"google_ads_iframe_\/4735792\/reuters.com\/world\/americas\/article_3\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" aria-label=\"Advertisement\" data-load-complete=\"true\" data-google-container-id=\"6\" data-integralas-id-f22c8dff-6a0b-a5e2-8d6f-3e797b632a66=\"\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<div class=\"__fs-ancillary\">\n<div class=\"report-ad-container \"><button id=\"btn-reuters_desktop_native_3\" class=\"report-ad-button\" aria-label=\"Report this ad\">Report this ad<\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-7\">COFEPRIS granted final approval in late February, the company said.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-8\">Xebra Brands said it faces no restrictions where it can grow cannabis in Mexico, the size of cultivation facilities or processing volumes.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-9\">&#8220;This represents an important moment for cannabis globally,&#8221; Xebra Brands CEO Jay Garnett said in the statement.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-10\">Xebra Brands said it is actively looking for farm land and a site to build an extraction facility to produce CBD-rich hemp derivatives.<\/p>\n<div class=\"article-body__element__2p5pI\"><\/div>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-11\">In an\u00a0<a class=\"text__text__1FZLe text__inherit-color__3208F text__inherit-font__1Y8w3 text__inherit-size__1DZJi link__underline_default__2prE_\" href=\"https:\/\/www.reuters.com\/world\/americas\/canadas-xebra-brands-bets-mexico-future-leader-industrial-pot-production-2021-12-17\/\" data-testid=\"Link\">interview with Reuters<\/a>\u00a0in late 2021, the firm&#8217;s former president said regulatory authorizations would position Mexico as the industry&#8217;s most important North American player.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-12\">In 2021, Mexican lawmakers approved a law to decriminalize cannabis for recreational, scientific, medical, and industrial uses, but key regulations remain stalled in the Senate.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Marijuana leaves are seen next to Mexico&#8217;s Senate building at the protest cannabis garden of the Cannabico Mexican Movement in Mexico City, Mexico November 19, 2020. REUTERS\/Carlos Jasso\/File Photo\u00a0Acquire Licensing Rights MEXICO CITY, March 9 (Reuters) &#8211; Mexico&#8217;s nascent legal cannabis industry on Thursday welcomed its first company authorized to grow at commercial scale, focused<\/p>\n<div class=\"more-link\">\n\t\t\t\t <a href=\"https:\/\/jonekush.cc\/index.php\/2023\/08\/17\/mexicos-legal-cannabis-business-takes-next-step-with-cbd-focused-firm\/\" class=\"btn theme-btn\"><span>Seguir leyendo <\/span><i class=\"icofont-thin-double-right\"><\/i><\/a>\n\t\t\t<\/div>\n","protected":false},"author":1,"featured_media":31,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[53],"class_list":["post-77","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-mexicos-legal-cannabis-business-takes-next-step-with-cbd-focused-firm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - 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