US Company Completes First Ever Commercial Export Of Retail CBD Products To Mexico

Commercial CBD products are headed from the United States to Mexico, via a partnership between Green Lotus and Mexican consumer packaged goods brand CBD Life SA.

"This represents the first commercial shipment of retail products that can be distributed in Mexico through regular distribution channels, requiring no additional government approvals or medical certifications," the companies said in a press release.

Carlos Frias, CEO of Green Lotus’ parent company Freedom Leaf Inc. FRLF has been a player in the hemp and cannabis industry for 16 years.

"We wanted Green Lotus to be a first-in-class brand, and we succeeded. The Mexican market is prime territory for CBD products," he told Benzinga. "We’ve been working on this deal for three years."

The July 31 shipment of $600,000 of CBD topicals to Mexico represents another high point in Frias’ career.

Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.

“When I started in this business, I started with one plant in my closet -- then my garage, then my whole house,” he told entrepreneurs at an event in Dallas, Texas. “Fast forward sixteen years, and now I run Freedom Leaf. It wasn’t easy.”

Frias credits his brands’ agility for Freedom Leaf’s cross-border success.  

Despite the challenges posed by a new permit regime in Mexico and the uncertainty caused by trade tensions, Frias said this initial shipment is just the beginning.

“We’re following up our topicals with tinctures, edibles, gel caps and beverages. Green Lotus is a premium brand with the strictest testing and the highest quality products, so we think people in Mexico will love our products.”

Posted In: Cannabis ExportsCannabis MexicoCarlos FriasCBD Life SACBD MexicoGreen LotusCannabisNewsGlobalMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.