Tag Archives: industry

Mexico Legalizes Medical Marijuana

The President of Mexico, Enrique Peña on Monday had made a decree stating that cannabis is now legal to use for medical purposes in the country.  It’s surprising, and this seems to be the opposite approach to what he has had in the past.  This comes after a landslide victory for the same bill in April of this year in the lower house in parliament and this momentum seems to have something to do with the president taking action.

Products made and sold will have to contain less than 1% THC or lower currently. However cannabis cultivation of the whole plant for scientific or medical purposes will not be a punishable crime.  Which is very important language luckily that was added to the proposal.  I hope in the future both raw cannabis and extracts with high percentages of THC and CBD are available by purchase like we have in the states so they also can have safe reliable access.  Within the next couple weeks the Health Ministry will be establishing guidelines and regulations for this brand new medical marijuana movement.

Like anywhere Mexico has plenty of people suffering from a number of severe and minor aliments that could be treated by this plant.  Many of these conditions need all the chemicals that the entire natural plant produces and this most definitely includes THC. To try and reduce the amount of this important chemical is almost defeating the point of using the medicine in the first place.  Yet, this is still an important move because it is a clear signal from the government that the people and legislature can’t be ignored for long.  As we hear more about exactly what patients are allowed to possess and their rights, we’ll get a better idea on how Mexico plans to treat the thousands of suffering people who are looking for a natural alternative to harmful medications.

How I plan on Getting Involved in the Industry

I am nearly finished with my business degree and I plan on taking that knowledge when the finances are available, and apply it to running a top notch cultivation center.  That’s right I want to avoid being a part of the retail segment altogether.  I believe the effort you put into maintaining a recreational shop when compared to the rewards is not as beneficial as people make it out to be.  Everything is heavily taxed at the retail level in Colorado right now and it’s tough to compete with all the stores operating in relatively close proximity.  Another reason I’m leaning towards cultivation only is because I believe that is where my strength really lies.  Although I’m still very young, I’ve been growing cannabis since I was nine-teen years old and have put countless hours into researching different growing methods. Since I first fell in love with the plant I’ve been reading and researching the best way to carry out every step in the seed to harvest process long before growing myself.  The most valuable knowledge I have been received came from listening to experienced growers and by experimenting myself and seeing how to actually implement things and learn from mistakes.

On the retail side you also have to deal with countless different types of inventory and manage it effectively just like any retail store.  A cultivation center’s only inventory is the large number of plants that definitely also has to be managed closely.  Plants need a lot much more care and time spent on them but they are also the only focus of the cultivation center.  Every grower has their own methods that works best for their resources and knowledge and I would use my own unique method to differentiate my product from the rest.  I believe when you focus in on one thing you can really specialize and create a well known brand name easier.  A brand name in the cannabis industry is huge.  If you read about The Clear cartridges review article I wrote, you understand what I mean by this.  I regularly seek out their brand name when making trips to the dispensary.  If I do it right I could hopefully make a similar effect but with well grown all natural bud.  Strains already differentiate one batch from another but the grower makes a far bigger difference then the strain does and that should also be made available to the consumer.

Like I said before, when the finances are there and I am in a good position to seize the opportunity this would be my dream business.  Growing quality marijuana has been one of the most rewarding skills I’ve ever experienced and to make a career out of it would be a dream come true.  Laws still stand in the way as there are no licences being issued for cultivation or dispensaries yet in Michigan.  I would rather not move and do it here in my home state that I love the most. However if the opportunity comes, I’m not going to sit back and watch it go.