California-Based Medical Marijuana Inc. Eyes Mexico as Next Big Market GlobeNewswire
go to original February 7, 2016

Medical Marijuana Inc. The Hemp Revolution (Medical Marijuana Inc)

Medical Marijuana, Inc. has announced the launch of HempMeds Mexico to shareholders and the public. HempMeds Mexico was created to provide access to CBD hemp oil products that are now legal to import in the country of Mexico for the first time.

“The Company is in the process of establishing a HempMeds Mexico office in Monterrey, Mexico within the next week. Over the next year the Company will bring its lab, manufacturing, sales and distribution facilities to Mexico, in order to provide our products to all of the Latin America market, creating employment and an entirely new industry in Mexico,” stated Stuart W. Titus, PhD and Chief Executive Officer of Medical Marijuana, Inc. According to a recent Reuters article, Mexico represents a “$1 billion to $2 billion opportunity in terms of cumulative revenue over the next 10 years.”

History was made on Tuesday, February 2, 2016 when the government of Mexico issued two of the country’s first permits to import the cannabidiol (CBD) product, Real Scientific Hemp OilTM called RSHO-XTM, from the Company.

The move by COFEPRIS (the Mexican health authority) has cleared the way for millions of individuals and families to access HempMeds Mexico’s RSHO-XTM, a non-psychoactive cannabidiol (CBD) hemp oil. RSHO-XTM is a CBD hemp oil product that is specific to the Mexico market.

“This is a giant step in the right direction, this historic decision will soon allow anyone in Mexico the freedom to import RSHO-XTM products, with a doctor’s prescription and import permit. It’s our mission to make cannabidiol products safe, and easily accessible to every person in Mexico,” said Titus.

Read the rest at Virtual-Strategy

Related: How Mexican 'Herbolarias' Transformed Hemp Into Psychoactive Marijuana (Leafly)

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!