To start with, big Canadian companies are likely to see Mexico as a place to export their cannabis products, while U.S. players, hamstrung by federal laws that prohibit marijuana exports, may franchise their brands in Mexico, said Avis Bulbulyan, CEO at cannabis consultancy Siva Enterprise.
Further down the line, Mexico’s inexpensive land, relatively cheap labor force and favorable weather would likely make it a top destination for companies to grow and export cannabis raw materials and products.
“It’s on a lot of people’s radar,” Bulbulyan added.
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