Mexico News Daily Reports A chain of cannabis stores part-owned by former president Vicente Fox is pursuing an aggressive expansion strategy: it intends to open 130 additional outlets by the end of the year. Paradise, which sells products such as CBD (cannabidiol) oil, hemp oil, bongs, pipes, marijuana grinders, and papers, currently has about 70 stores in 28 states, according to operations chief César Escalante. He told the newspaper El Universal that the chain’s goal is to have 200 stores across all 32 states by the end of the year. One location where a new store is set to open soon is San Luis Potosí city. Among the cities where Paradise already has stores are Monterrey – where the company was founded, Mexico City, Ciudad Juárez, Saltillo, Mazatlán, Culiacán, Aguascalientes, Pachuca, Tijuana, Guadalajara, Playa del Carmen and Querétaro. Fox, president from 2000 to 2006 and an outspoken supporter of marijuana legalization, is not the only high-profile investor in Paradise. Actor Roberto Palazuelos, a telenovela (soap opera) star, is also a partner in the company founded by Fernando Carcamo, Fernando Espinobarros and Guillermo Palau.

Cannabis Law Report, 01/19/2022 21:55:00

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