Mexican Supreme Court May Allow Cannabis Cultivation Regardless of Legalization
The Mexican Supreme Court will convene on December 1st, 2021 to deliberate and vote on a claim by Desart MX, SA de CV – a wholly-owned subsidiary of Xebra – which would allow Xebra to import cannabis seeds into Mexico and cultivate and process cannabis, regardless of when, or whether, the country will legalize cannabis. Furthermore, it could also allow for the manufacturing and selling of CBD and CBG. Export activities could also be possible.
Related: Xebra Shares Commence Trading in the United States
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The upcoming hearing is the culmination of a three-year legal strategy, challenging the unconstitutionality of Mexican cannabis law. The claim successfully navigated lower courts.
“We believe Mexico has the potential to be one of the largest near-term country cannabis consumer markets in the world upon legalization of cannabis. Mexico is also within the North American free trade zone (USMCA), giving it considerable cultivation and product manufacturing cost advantages over Canada and the United States,” the Xebra team stated. “We are of the opinion that there is sufficient precedent with many agricultural crops and manufactured products, to suggest that there is a possibility that ultimately, the majority of North American industrial-scale cannabis production activity will occur in Mexico.”
About Xebra Brands
Xebra Brands Ltd is focused on cannabis cultivation and products, with global brands and intellectual property. Its products cover wellness and leisure and include beverages. The company is an early mover in the Mexican Cannabis Market.
For more information:
Xebra Brands
Xebrabrands.com
Mexican Supreme Court May Allow Cannabis Cultivation Regardless of Legalization
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