#South of the border, Clever Leaves plans to enter Mexico’s medical #marijuana market through a supply #deal with emerging industry leader CBD Life Holdings. Under the agreement, the #NewYork based multinational cannabis operator will provide active pharmaceutical ingredients for the development and production of CBD Life’s #MMJ products. With initial arrangements to furnish CBD #isolate, #Clever Leaves aims to continue as CBD Life’s ongoing supplier of any other #cannabinoid ingredients, as well. The partnership represents the company’s first #commercial venture in the #Latin #American country, and is expected to facilitate significant growth, as CBD Life’s Mexican distribution network consists of more than 18,000 points-of-sale. While their current portfolio includes #hemp-derived CBD #topicals, #beverages, and supplements, they intend to work with Clever Leaves to develop cannabis-based #pharmaceutical medications. This comes after Mexico released a framework to regulate the nation’s #medical marijuana industry in #January, though sales have yet to begin and only products with less than 1 percent #THC are allowed. Even so, medical cannabis providers like #CBD Life will have a head start in the country’s upcoming recreational marijuana market, which has faced multiple delays since personal possession was ruled unconstitutional in 2018. Once implemented, #Mexico will represent the world’s largest legal #adult-use cannabis market.
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1 Comment
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