HEMP - EXCLUSIVE - Mexico Issues Hemp Cultivation Permit To National Company To Import & Export For Industrial Purposes | Benzinga
In a significant step towards the regulation of hemp in Mexico, the Federal Commission for Protection against Sanitary Risks (COFEPRIS) has authorized Semillas Endémicas Mexicanas S.A. de C.V. to import, plant, cultivate and harvest cannabis sativa (hemp) for industrial purposes. According to exclusive information obtained by El Planteo, this permit sets an important precedent in the industry, ensuring that the tetrahydrocannabinol (THC) content is below 1%.
- Stay updated on all cannabis news via Benzinga Cannabis.
Regulation And Conditions
The official document acquired by El Planteo, dated November 17, 2023 but delivered to the company just a few days ago, details the conditions under which Semillas Endémicas Mexicanas can operate. The permit includes the importation of seeds, the processing of hemp for the extraction of cannabidiol (CBD) and the commercialization of cannabidiol oil as long as the THC content in the plants does not exceed 1%. COFEPRIS emphasizes that "the requested sanitary authorization must ensure that the plant produces concentrations equal to or less than 1% THC and under the ...