Mexico

Tue
22
Oct

Mexico unveiled its Recreational Cannabis Bill: 8 things you need to know

Over the past two years, milestones and history have been made with regularity for the cannabis industry. Last year, for example, we witnessed Canada become the first industrialized country in the world to give the green light to recreational marijuana.

Mon
21
Oct

A look at cannabis legislation in Countries around the World

Ever since Canada became the first major country to legalize marijuana for adults a year ago, other nations have been paying attention.

The small South American nation of Uruguay was the first to legalize marijuana for adults. New Zealand, Luxembourg and Mexico are among those that have looked to Canada for guidance or lessons, while Russia has chastised it for its “barefaced” flouting of international anti-drug treaties.

Mon
14
Oct

Mexico may be just weeks away from legalizing marijuana

Last year, we saw marijuana history made many times over. Canada became the first industrialized country in the world to legalize recreational marijuana nearly one year ago, while the U.S. Food and Drug Administration approved its very first cannabis-derived drug. The latter is a pretty big deal, considering that marijuana remains a Schedule I (i.e., illicit) substance at the federal level in the United States.

Fri
11
Oct

Mexico's Proposed Law to Federally legalize marijuana aims at cutting out drug-related crime

Mexican lawmakers are debating the details of legislation that would legalize marijuana nationwide. Some are projecting that legislation could be ready for consideration as soon as late October, making for a quick turnaround on the issue. 

If Mexico legalizes marijuana for adult use nationwide, the country will become only the third in the world to do so. Uruguay and Canada have both made cannabis legal at the federal level. The decision would put the United States, where marijuana is illegal at the federal level, between two large countries that are getting a big head start in creating legal cannabis markets. 

Wed
09
Oct

Report: Mexican Lawmakers to vote on pot legalization by end of October

Ricardo Monreal, the Senate leader of Mexico's ruling party MORENA, said lawmakers will vote on a bill to legalize adult-use marijuana by the end of October, according to Marijuana Moment.

“We’re thinking that we’ll bring the law out, approve it, at the end of October,” Monreal said. “That’s the schedule we have.”

The chamber is almost finished with creating a new reform bill that is based on open-session debates and public forums, and the Chamber of Deputies will be invited to weigh in on the bill, Marijuana Moment reported. 

Tue
08
Oct

Mexican lawmaker proposes bill for government to sell cannabis

A key lawmaker in Mexico proposed a new bill to push the country to regulate the sale of cannabis.

Lower house majority leader Mario Delgado’s proposal would grant Cannsalud, a public company, exclusive access to buy cannabis from permitted growers and sell it to businesses that would, in turn, sell smaller amounts to the public.

The bill also notes individuals without permits could grow six plants for personal use, but only Cannsalud could sell cannabis to pharmaceutical companies.

Wed
02
Oct

Mexico lawmaker says the government should regulate and sell marijuana

Mexico’s government shouldn’t only regulate pot, it should be the main bulk buyer and seller of the drug, lower house majority leader Mario Delgado proposed in a new bill.

A public company named Cannsalud would be authorized exclusively to acquire cannabis from growers with permits and then sell the drug to franchises authorized to sell small amounts to the public, according to the bill.

“This way the cannabis market wouldn’t be left to the autonomous regulation by individuals, but would involve the state as a permanent supervisor and controller of activity involving this substance within a legal framework that would guarantee benefits for all,” the bill states.

Tue
24
Sep

Mexico scrambles to legalize recreational cannabis by court-imposed deadline

Time is running out on Mexico’s cannabis ban.

With less than a month remaining to abide by a Supreme Court-ordered deadline to legalize recreational cannabis, the country’s congress is mulling 10 proposed laws that would make them just the third country in the world—behind Uruguay and Canada—to legalize adult use.

But a controversial proposal introduced early this month has stakeholders worried the government will try to maintain the status quo for as long as possible, despite the court ruling earlier this year that banning cannabis is illegal.

Fri
20
Sep

Why the future marijuana superpower could come from this region

When PharmaCielo, now a publicly traded company, formed in 2014 to cultivate medical cannabis in Colombia, some growers needed convincing. Some came from families that farmed chrysanthemums for generations. Cannabis was largely illegal and stigmatized. Scars from the nation's decadeslong drug war were fresh. A peace deal between the government and leftist FARC rebels was two years away. North America's marijuana stocks boom had not begun.

Tue
17
Sep

Cannabis legalization: Will Mexico beat the US?

Cannabis regulation in Mexico is a key topic this week. The US, Canadian, and Mexican economies are more closely intertwined than other countries. According to the U.S. Chamber of Commerce, about 14 million US jobs relate to trade with Mexico and Canada. Therefore, these countries might take cues on regulating an industry from each other.

Cannabis legalization

Cannabis regulation is a good example. After Canada legalized marijuana for recreational use in October 2018, legalizing marijuana in Mexico and the US gained momentum.

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