Mexico

Wed
06
Nov

Mexican lawmakers granted 6-month extension for passing marijuana legalization Bill

Mexico’s highest court pushed back the deadline for the country’s Congress to pass a bill legalizing marijuana after lawmakers requested an extension to continue working on the complex legislation. 

The new deadline is April 30, meaning lawmakers were granted another six months to produce legislation amid “unprecedented” pressure from various lobby groups. 

Senate Majority Leader Ricardo Monreal revealed last month that there had been significant attempts to influence the legalization bill, especially from multinational corporate interests. 

Mon
04
Nov

Mexico just missed its deadline to legalize marijuana -- Now what?

The marijuana industry has been hitting milestones and breaking down barriers throughout North America with regularity in recent years. To our north, Canada became the first industrialized country to give recreational marijuana the green light on Oct. 17, 2018. More recently, on the one-year anniversary date of this adult-use legalization, it officially implemented the rules and regulations that pertain to the sale of cannabis derivatives (e.g., edibles, vapes, infused beverages, concentrates, and topicals).

Wed
30
Oct

What do marijuana stocks & Mexico have in common?

The Latest Initiative By Mexico Could Expand Cannabis Across All Of North America

While some may focus on China, others are looking at Mexico. The reason why could have a direct impact on marijuana stocks. Mexican Senate committees have come to the table on a marijuana legalization bill to submit for approval. The initial thought: the bill goes straight to the floor for a vote. However, the proposal is now referred to a multi-party panel for further investigation.

Mon
28
Oct

128 million people about to gain access to legal pot: What it means for marijuana stocks

Right now, around 41 million people have access to recreational marijuana that's legal at a federal level. Two countries have legalized recreational pot -- Canada and Uruguay. We can't include the millions of Americans who live in the 11 states that have legalized recreational marijuana in our total since marijuana remains illegal at the federal level in the United States.

But very soon another 128 million or so people will gain access to legal marijuana. Legislators in Mexico are finalizing regulations to make marijuana legal. The legislative effort came after the country's Supreme Court ruled last year that Mexico's ban on recreational pot was unconstitutional.

Fri
25
Oct

Mexico’s plan to legalize cannabis would restrict foreign involvement in the industry

Last month Mexico released the first draft of the legislation that will end the prohibition of cannabis in the country. With the deadline to pass the law imposed by the Supreme Court looming nearer, it’s time to take a closer look at the legislation being drafted. The law not only legalizes a recreational adult-use market, but also creates regulations for medical marijuana and industrial hemp as well. 

Given the population of the country, Mexico is expected to have the largest adult-use market in the world. That’s compared not only to the patchwork of states that have legalized cannabis in the U.S., but the entire countries of Canada and Uruguay. 

Wed
23
Oct

Legalization of drugs is the way to combat cartels, former Mexican president says

Legalizing drugs is the best way to combat cartels, according to Vicente Fox, the former president of Mexico.

Mexico’s Senate is expected to vote in favor of a bill to legalize the recreational use of marijuana in the coming days, in a bid to choke off a black market dominated by violent gangs.

Several Mexican Senate committees tabled draft legislation on Thursday to make the commercial production and sale of marijuana legal, expanding on a Supreme Court decision last year which deemed the country’s ban on personal cannabis consumption and cultivation unconstitutional. Current President Andrés Manuel López Obrador has also been critical of Mexico’s protracted drug war and signaled openness to a new approach.

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. 

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