Last Updated on December 11, 2019
With a possible national market of more than ten million patients, medical marijuana is a great option for marijuana stocks to invest in, driving the next big business.
In fact, several stars are lining up for Mexico to open up to the medicinal marijuana market.
International companies are also beginning to see limitless possibilities in the Mexico market.
The first was HempMeds, the only one so far that has a permit to distribute products derived from the oil of the plant for medicinal purposes.
The Canadian company Khiron Life Sciences is also raising its hand, which asked the Federal Commission for the Protection against Sanitary Risks (Cofepris) what were the requirements to start selling its products in the country. And is that the market that we can become is no small thing.
According to a study commissioned by the Canadian company, in Mexico there are more than 11 million patients with conditions that can be treated with marijuana therapies.
Basically, cases of epilepsy, nausea that cause chemotherapy, stress, anxiety; all who suffer from this are potential customers.
Those who want to start in this business may see in these new negotiations and announcements a new possibility to finally enter the sector, and our country is one of the best places to do so.
Mexico is one of the countries with the best conditions in the world for the cultivation of this plant and, with suitable agricultural and sustainability models, may have the conditions to exploit it.
The problem is that for it to be a profitable market, people should not associate the idea of marijuana with illegality in their minds.
To do this, one of the options could be the use of incentives, with this, there would be an economic motivation to participate legally in the exploitation of the plant.
This system can derive things such as regularization and payment of taxes, which we all love.
But it would ensure production for the medicinal marijuana market, at least within the country.
The progress also happens in France!
While the French authorities seem very concerned about the dangers of cannabis CBD with a THC of less than 0.2%, the business of cannabidiol has never been better in France.
Widely democratized by the CBD e-liquids, cannabidiol is now sold in all its forms and quantities of by-products: oils, cosmetics, infused foods, concentrates …
Without a real control over the raw material, the business opportunities around the CBD are numerous.
The business of the CBD obviously refers to the sale of the final product, but not only.
Hemp, from which the CBD is derived, can be grown legally in France.
French law, however, restricts the use of hemp to fibers and seeds.
Therefore, the extraction of CBD through the flowers is mainly carried out abroad.
However, the current debate on CBD flowers could see that their status conforms to European legislation, and thus open up the possibility of commercial and industrial use.
Therefore, the extraction of CBD in French soil would be facilitated, however, there is an obligation not to exceed 0.2% of THC during the extraction process.
There are at least 3 ways to make money from the CBD business
1. Producing CBD products. This means you have your own factory to make your own CBD products, CBD oil with your own brand, for example. You have to prepare your own marijuana stocks.
2. Establish a special shop to sell various CBD products. You might need to prepare a lot of capital for that.
3, Join the affiliate system offered by several well-known CBD manufacturers. You don’t need to buy a single product to sell and make money.
In the end, whatever path you take, the CBD is a current trend and you don’t want to miss it.