HempMeds Mexico, a subsidiary of California-based Medical Marijuana, Inc. is set to export its Real Scientific Hemp Oil to Colombia, the company announced in a press release. HempMeds is currently the only company with approval from the nation’s Federal Commission for the Protection against Sanity Risk (COFEPRIS) to import a cannabis product into the country.
Dr. Stuart Titus, Medical Marijuana, Inc. CEO, said the deal will help nurture new markets in Colombia, where the company hopes to eventually open local operations and work with federal regulatory agencies to build advanced distribution channels.
“Here in the United States, we are able to get access to RSHO and other cannabidiol products online; however, residents of other countries are not as fortunate due to regulatory issues with cannabis-based products,” he said in the release. “We are very excited that Colombians will now have access to all of the benefits of CBD.”
Representatives from HempMeds attended Expo Mede Weed 2016 in Medellin, Colombia, where they received the first product order from federal officials. Dion Markgraff, president of HempMeds, said their exhibition at the expo “gave Colombians the opportunity to explore and interact” with different cannabis companies and to learn from industry experts across the globe.
HempMeds will make a substantial donation of product to doctors and some low-income patients after Colombian government approval.
Get daily news insights in your inbox. Subscribe