Business

How could the Mexican tourism sector benefit from cannabis

The coronavirus pandemic left many economic sectors in shambles, especially the tourism and hospitality industry. Experts believe that cannabis could be the key to revitalize these sectors in the near future. By following the steps of other countries on how to use cannabis in different economic sectors, the Mexican hotel industry is trying to incorporate hemp and cannabis as part of its main offer.

Due to the confinement, the coronavirus pandemic triggered the sale of various products, such as toilet paper, cleaning products, chlorine, disinfectants, basic necessities, preserves, beauty, personal care and hygiene, online clothing, beer and also cannabis.

In this context, various foreign and Mexican investors are welcoming the ruling approved by the Senate of the Republic regarding the regulation of the cannabis plant for recreational purposes. In the United States, Canada, Uruguay, and even Mexico, cannabis-friendly hotels, restaurants, and spas that offer sensory experiences where customers can enjoy cannabis-based products without running risks are in high demand.

In the face of the economic crisis, the manufacturing sector of various cannabis-based products has shown a constant and sustained increase, while trade, services, tourism, and construction have suffered a considerable decrease in operations.

If you want to know more about cannabis, how Mexico could use cannabis in order to boost its tourism sector, how new research could bring to light the many medical benefits of cannabis, and to find out the latest cannabis news, download the Hemp.im mobile application.

Mexican hotel industry could benefit from cannabis

As part of the post-Covid economic revival, wellness tourism, as the growing niche of the tourism market related to mental, emotional, physical and spiritual health treatments is known, is experiencing a substantial increase in demand in natural environments and urban spaces.

“It is not a surprise that the hotel industry is trying to incorporate hemp and cannabis as part of the main offering. Studies showed that cannabis can reduce anxiety, inflammation, relieve muscle tension, and reduce stress, making it ideal for spas.  While cannabis cooking continues to make its way into both haute cuisine and family cooking,” said Jorge Molina, CEO of E3.

The Caribbean hotel specialist also pointed out that the trends and intersectoral relationships that have already been occurring have accelerated in the Wellness Centers of the United States. There, hotels are offering spa treatments, such as massages and manicures, with cannabidiol oil, better known as CBD.

Cannabis could be the key to develop the tourism sector

As will be recalled, the World Health Organization (WHO) has determined that cannabidiol (CBD), a non-psychoactive molecule, different from THC, a compound of the cannabis Sativa plant, has high therapeutic potential.

“The combination of Tourism, Cannabis and Wellness is an alternative to treatment and rehabilitation for those who managed or maintain high levels of stress or anxiety in the post-COVID era, as well as an interesting, competitive and successful option for business diversification, economic revival and business strategy,” Molina added.

The CEO recalled that overall, services have to offer more product diversification, and recalled the case of Mike Tyson, “who increased his business and income with cannabis, built a resort for smokers in California. The eccentric ex-boxer makes an estimated half a million dollars a month from the sale of therapeutic products alone.”

The potential of the Mexican cannabis sector to market and produce cannabis derivatives is very high, including for therapeutic use. Diversifying and finding alternative routes is the key to improving profitability and reducing risk. In addition, there are international examples such as Lowell Cafe. 

__

(Featured image by Pixabay via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Hemp.im, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Grupo en Concreto, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Andrew Ross

Andrew Ross is a features writer whose stories are centered on emerging economies and fast-growing companies. His articles often look at trade policies and practices, geopolitics, mining and commodities, as well as the exciting world of technology. He also covers industries that have piqued the interest of the stock market, such as cryptocurrency and cannabis. He is a certified gadget enthusiast.

Recent Posts

Ontario Increases Efforts to Combat Illegal Cannabis Market

Ontario is investing $31 million over the next three years to enhance efforts against illegal…

5 days ago

Hanover and Frankfurt Will Be the First German Cities to Legally Sell Cannabis for Adult Use

Frankfurt and Hanover are launching five-year pilot projects for legal, regulated cannabis sales to adults,…

6 days ago

CBD Decree Suspended By Italian Administrative Court for Third Time

Italy's Regional Administrative Court suspended the Health Ministry's decree labeling CBD as a narcotic, pending…

1 week ago

Which U.S. States Will Vote on Cannabis Legalization in November 2024?

This November, five U.S. states will vote on measures related to legalizing recreational or medical…

2 weeks ago

Italy to Be Investigated By EU Commission Over Proposed CBD and Hemp Ban

The European Commission has launched an investigation into Italy after its recent proposal to ban…

2 weeks ago

Prolonged Cannabis Use May Leave a Unique DNA Signatures

A new study has found that prolonged use of high-THC cannabis leaves a unique mark…

2 weeks ago