According to Raul Elizalde, President of HempMeds Latin America, Mexico's distinctive new law will give producers the freedom to start putting CBD in everyday health products; it could also give consumers unprecedented access to this seemingly healthful substance.

"A good point about this regulation in Mexico is that any product with a THC concentration higher than 1% can still be registered with the government, and sold as a prescription," Elizalde commented by phone.

"But the best part is that [cannabinoids] with below 1% THC content can be in medicine, supplements, lotions, food, anything. This is very, very good for our country, and I think we’re one of the very first in the world to take that path."