Brazilian company CBD Vida and Kemin Industries last week announced a partnership to distribute cannabinoid-containing drugs in Brazil.
Kemin is a global supplier of special ingredients for human and animal health and nutrition, valued at more than $1 billion. Through MedPharm, a CBD manufacturer in the state of Iowa, and receiving consultancy from Kemin, CBD Vida promises to bring products with pharmaceutical standards at competitive prices to the Brazilian market.
The South American country has seen recent changes in its regulations for cannabis derivatives, CBD Vida explained. New regulations allow patients to buy CBD-containing products under prescription, directly from pharmacies
“As two global companies, we share the same vision to improve and transform the quality of life for people around the world. Our partnership ensures Brazilian patients have access to quality hemp derivatives that are scientifically created with extreme care,” said Fabio Candello, CEO of CBD Vida.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.