HempMeds Mexico, a subsidiary of Medical Marijuana Inc (OTCMKTS:MJNA), has inaugurated Mexico City Office. President of HempMeds Latin America and Mexico, Raul Elizalde, said the company is pleased to inaugurate a new office in Mexico City. He said the new office will strengthen its position in the nation. The company already operates several offices in Monterrey.
Guides the public on CBD
The newly inaugurated office in Mexico City will guide the public about its CBD products. It will also envisage the benefits of these products over other CBD products in the market. The company will also educate the users on how to discuss with medical professionals to maximize the use of CBD for therapeutic purposes.
The market for medical cannabis
The demand for medical cannabis in Mexico is estimated at $47.3 million in the year 2018. Following the legalization, the market for recreational and medical cannabis is expected to reach over $1 billion in Mexico by the year 2024.
Promotes access to CBD products
HempMeds Mexico is supporting several non-profit organizations to promote access to cannabidiol products. It is also working with the Mexican Government to establish a process so that patients get easy access to RSHO-X (Real Scientific Hemp Oil-X). HempMeds is the first to obtain a COFEPRIS central government import permit for RSHO-X. The company will collaborate with the general public, health professionals, and local authorities to promote the entire industry.
Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana, said the company has put in significant efforts to introduce CBD to the Mexican Market. He said the new office in Mexico City will help the company to expand the business across the nation. It will educate the public and Mexican citizens about the differences between marijuana and hemp.
2019 is a great year for Medical Marijuana
Medical Marijuana improved sales in 2019. The company received a Bronze Stevie Award for continued efforts in the CBD space. It’s subsidiary – Kannaway is putting in efforts to establish its footprint in Japan. Kannaway has exhibited excellent performance in healthcare products and services. It helped the company to receive Silver Golden Bridge Award.
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