Six months ago, Mexico arrived on the scene with laws for cultivating, processing, attempting to sell, and importing/exporting cannabis that are medical making the country the largest in the world (by population) to have a fully legalized medical cannabis supply chain.
We have written blog that is several about Mexico’s brand new cannabis laws and now we put on a webinar for stakeholders that drew almost 1,000 registrants and produced plenty concerns we feel compelled to do a follow-up online Q&A webinar on March 4th to deliver also more responses concerning the present cannabis scene in Mexico.
If you missed the webinar that is first you can watch it here, and if you’re interested in the Q&A webinar, be sure to register here. Make sure you also submit any and all of your Mexico cannabis/hemp/CBD questions when you register.
In the meantime, cannabis businesses interested in Mexico need to now start preparing making sure that they’re well-positioned in Mexico’s future cannabis economy.
Mexico’s passing of its medical cannabis laws began its implementation that is phased of medical cannabis business activities, and it is expected that medical cannabis licensing will be generally available on May 23, 2021. You must do is form the appropriate Mexican business entity to own your license if you are serious about securing a Mexico medical cannabis license, the first thing. In addition must determine the license that is particular want and start preparing the appropriate documentation for that license. It will also behoove you to familiarize yourself with Mexico cannabis estate that is real and Mexico’s tough work laws and regulations.
We also received many questions about when Mexico will legalize recreational cannabis, and whether there’s an benefit that is immediate securing a medical cannabis license first in order to more easily get a recreational license in the future. No one knows yet.
2021 is an election in Mexico and we believe that politics will lead to
something big happening on Mexico’s legalization front before the year ends year. Of course Mexico legalizes adult-use cannabis this it is widely expected that the supporting regulations will be split cannabis into two tracks: one for products with less than one percent THC and one for products with greater than one percent THC year. We expect the lower THC content product track to take around six months to implement and the higher THC content track shall need as much as 1 . 5 years. to implement.These are exciting times! Please do join us if you’re able to for the Q&A webinar this March 4(*)th(*)!(* thursday)