Azucarera El Viejo, a Costa Rica-based sugar company founded in 1958, is announcing Tuesday that it has entered into an agreement with Merida Capital Holdings, a leading cannabis private equity firm with more than 75 companies in their cannabis portfolio, to build a world-class medical cannabis cultivation, manufacturing and finished goods production facility on its land in Guanacaste, Costa Rica, Benzinga has learned exclusively at its Benzinga Cannabis Capital Conference going on in Chicago.

Legal Cannabis In Costa Rica

Costa Rica has legalized the use of cannabis for medical and therapeutic purposes. The country is currently in the process of creating regulations for medical cannabis and hemp as a food additive.

Expediente No 21.388 (the law legalizing cannabis) is specifically designed to offer Costa Rica’s population an …

Full story available on Benzinga.com