The industrial and medicinal use of cannabis requires investments to develop products that benefit the economy as a whole, which is why the German company Juicy Fields has decided to bring to Mexico a crowdgrowing investment scheme to attract capital that allows the development of this sector.
Alfredo Paredes, director of North America for Juicy Fields, clarifies that the company has nothing to do with the recreational use of cannabis, but rather seeks to detonate the potential of the industries with the plant where its consumption is legal.
Through crowdgrowing , Juicy Fields offers the possibility of investing in cannabis starting at $ 60.
“Average consolidated annual growth is around 27% per cycle. Forecasts say this is going to keep growing, going from a market of $ 25 billion to about $ 87,000 in 2027 and there are others going to $ 100 billion. ”Said Alfredo Paredes.
The platform, said the manager, has the corresponding bank records, legal agreements and financial regulations in the countries where it operates, including Mexico.
He explained that the national market, in terms of medical and legalized cannabis, can reach between 230 and 250 million dollars (million dollars) the first year, especially in the use to combat stress, eating disorders, insomnia and anxiety.
In addition, cannabis can generate economic benefits in terms of the purchase of land, equipment, logistics and services that are required for that industry and the creation of between 40,000 and 45,000 jobs.
In March of this year, the regulations governing the use, sale and distribution of it were published in the Official Gazette of the Federation (DOF).
The Chamber of Deputies approved the regularization of cannabis, but returned the initiative to the Senate as the Chamber of origin. The industry expects it to be ready during the next regular session to give rise to the regulation for implementation.
“We are confident that in one year the entire procedure will be exhausted, that we will be able to make contracts with local producers, install greenhouses, develop infrastructure and bring in experts. Participating in that market with 2 or 3% is very attractive, it is employment, investment and social benefits for Mexico. The expectations are very favorable ”, commented Alfredo Paredes.
“We are a company that is on the fringes of the playful debate, that is apart from those discussions. The issue of consumption is individual and we are a company that thinks collectively, in a social benefit, in a medical and industrial application, which brings benefits at the social level “, reiterated the director for North America of Juicy Fields.
The company has four business areas:
1. Medical: Oriented to the legalized medicinal part.
2. Industrial: Related to clothing, fibers, nanomaterials and biofuels.
3. Alliances: Look for producers of plants, flowers, vegetables, etc., to set up cannabis greenhouses.
4. Procurement: It is in charge of offering inputs, technology and processes to local producers.
