International Marijuana Business News – Latin America
Mexico’s watershed court decision to authorize recreational marijuana even before regulations for the market have been settled gives cannabis entrepreneurs even more reason to make business plans to enter what could soon be the world’s biggest adult-use market.
Aurora Cannabis decided not to renew a contract to produce recreational marijuana in Uruguay, and the Canadian company is “actively marketing” a facility in the South American country, a spokeswoman confirmed to MJBizDaily.
Toronto-headquartered cannabis company Flowr Corp. is slashing its workforce and pulling out of noncore markets – including Australia, Uruguay and Spain – as part of a strategic review intended to put the business on firmer financial footing.
One is quick but expensive. The other is economical but slow – and tricky to get just right.
Extractors looking to isolate certain cannabinoids have long relied on chromatography to dial up or down the many cannabinoids in marijuana and hemp plants.
Smiths Falls, Ontario-based Canopy Growth sold off two facilities in British Columbia that it once touted as the largest cannabis greenhouses in the world.
Marijuana and hemp companies keen to participate in Mexico’s emerging medical cannabis program should start preparing now, attorney advise, noting it will give businesses a leg up in entering the nation’s adult-use industry once it launches.
