The government of Costa Rica issued the first business license to cultivate and process marijuana for medical purposes, according to local media reports.
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Costa Rica’s Ministry of Agriculture and Livestock (MAG) issued the license to Azul Wellness S.A., The Tico Times newspaper reported.
Azul reportedly plans an 800-square-meter production and processing facility in Costa Rica’s Guanacaste province.
The firm has partnered with U.S. cannabis private equity firm Merida Capital Holdings.
MAG also has issued eight hemp-cultivation authorizations to date, according to the report.
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Costa Rica legalized hemp and medical marijuana in March 2022.
President Rodrigo Chaves unveiled a draft recreational cannabis law later that year.
Information about Costa Rica’s hemp and cannabis laws is available on the MAG website.
Read full article on Marijuana Business Daily
