Costa Rica issues 1st cannabis cultivation license

Costa Rica issues 1st cannabis cultivation license

Costa Rica’s medical cannabis market just hit its most recent milestone.

Just over a year after legalizing hemp and medical cannabis, Costa Rica’s Minister of Agriculture and Livestock Victor Carvajal signed a resolution to grant authorization to Azul Wellness S.A. to cultivate and process medical cannabis, The Tico Times reports

It marks the first medical cannabis license granted in the Central American country.

Azul Wellness S.A. is Costa Rican owned and backed by the family of José Álvaro Jenkins, president of the Costa Rican Union of Chambers and Associations of the Private Business Sector. Azul reportedly is planning to establish an 800-square-meter production and processing facility, located in Costa Rica’s Guanacaste province.

The firm also partnered with U.S. private equity firm Merida Capital Holdings, which specializes in medical cannabis. According to the Times, the collaboration is meant to help Azul cultivate two varieties of psychoactive cannabis to start, with a focus on exporting the produced material.

Continue reading.

Image by jcomp on Freepik



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