The health regulator had to approve the permits after Mexico's Supreme Court in late 2021 gave Xebra Brands' subsidiary Desart MX a partial greenlight to import seeds, and grow, process, sell and export cannabis products with 1% or less THC, the plant's psychoactive substance.
Desart MX, however, is more focused on marketing products with another of the plant'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.Xebra Brands said it faces no restrictions where it can grow cannabis in Mexico, the size of cultivation facilities or processing volumes.
"This represents an important moment for cannabis globally," Xebra Brands CEO Jay Garnett said in the statement. Xebra Brands said it is actively looking for farm land and a site to build an extraction facility to produce CBD-rich hemp derivatives.in late 2021, the firm's former president said regulatory authorizations would position Mexico as the industry's most important North American player.
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.
Glad Mexico dropped the early 20th century brainwashing slang & getting back into the roots from the dark ages. Cannabis EducationIsKey GrowYourOwnTherapy
Life saving plant
Good!
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In the era of strip mall vape shops, Houston's Urban Flower Company boutique offers an elevated take on THC and CBD productsIn the era of strip mall vape shops, this Houston boutique offers an elevated take on THC and CBD products
Source: HoustonChron - 🏆 609. / 51 Read more »