Mexico poised to become the major player in North American cannabis markets
Mexico poised to become the major player in North American cannabis markets
Cannabis will be a multibillion- even trillion-dollar industry, in the very near future and Mexico is poised to be its major player.
North America is made up of 39 counties with just shy of 600 million persons: the U.S., Mexico, Canada, the Caribbean nations, and the geo political area we refer to as Central America. Of this the U.S. makes up roughly half, Mexico is next with 25% (however another 300 million native Spanish speakers live to the south of Mexico).
Three main factors make Mexico the obvious winner in the contest for the future domination on the cannabis industry.
First is the natural advantage, a vast area of Mexico is perfectly suited to the cultivation of cannabis. As well, fact be told, Mexico has a 100-year tradition in the horticulture specifically of this particular plant.
Next come the costs; labor, land, water, energy, taxes, and transportation all cost less in Mexico. It is well known that companies not only from the U.S. but from Asia and the rest of the world build plants in Mexico to exploit these advantages.
Last and most importantly, investment capital. Mexico the world’s largest exporter of beer is awash in discretionary investment cash. It was Constellation Brands, the makers of Corona, who dumped U.S. $4 billion into Canopy Growth for less than a 10% stake. And it was Altria/Philp Morris subsidiary Cronos who was the first to trade on the Mexican stock exchange followed closely by the Canadian firm Primo Nutraceuticals, an obvious step for companies wanting to be a part of the tremendous future of the cannabis industry.
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