Chemesis, First Medical Cannabis tie up to grow hemp in Puerto Rico
Category: #business  By Nikita Chaurasia  Date: 2019-03-20
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Chemesis, First Medical Cannabis tie up to grow hemp in Puerto Rico
  • Chemesis International has continued to expand its foothold on the island with the expectation that hemp would be legalized in Puerto Rico
     
  • It would have access to about 6,000 acres of prime agricultural land in the country to cultivate hemp

Chemesis International Inc., the Canada-headquartered cannabis firm, has reportedly announced that it has teamed up with Puerto Rico-based First Medical Cannabis LLC to begin exclusive cultivation of hemp with high yields of CBD. As per trusted sources, Chemesis International would have access to 1,000 acres of prime agricultural land in Puerto Rico for hemp cultivation and would have the option to expand to an additional 5,000 acres.

Reportedly, Chemesis has continued to expand its foothold in the island-nation with the expectation that hemp would be legalized in Puerto Rico. As of today, the company has the capacity to grow high yield CBD derived from hemp in huge amounts for distribution on the island and across the mainland United States.

The Chief Executive Officer of Chemesis International, Edgar Montero was reportedly quoted saying that Puerto Rico has been in need for an agricultural revolution since the last of the sugar factories were closed on the island in the year 2000 and the much-required jobs are promised by the hemp market. The country is the perfect competitor in the hemp industry given the tropical climate of the island and the fact that it will help the Chemesis to harvest up to three crops annually as compared to one in numerous areas across the world, Montero further added.

According to a press release from Chemesis International, the company would leverage its fully compliant manufacturing plant to produce, process, and distribute hemp-derived CBD products. Moreover, the plant has the capacity to take all the hemp manufactured by First Medical and process into finished goods for sale in international and domestic markets, including the continental United States.

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Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

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