Mexico

Fri
16
Apr

Mexico Likely to Miss Cannabis Legalization Deadline

The road to legalizing cannabis in Mexico has been full of twists, turns, and in some cases dead ends as the deadline approaches soon.

Near the end of 2018, Mexico’s Supreme Court issued a ruling in which cannabis prohibition was deemed to be unconstitutional.

As part of the ruling, the Court set a one-year deadline for lawmakers to pass a legalization measure to implement the ruling and to set up a regulated adult-use cannabis industry.

Fri
16
Apr

Growers fret as Mexico moves to legalize marijuana

For the first time that María can remember, half of her marijuana harvest is still in storage on her ranch in Mexico’s Sinaloa state months after it should have been sold.

Sitting in her wooden house tucked into the same mountains that produced some of the world’s most notorious drug traffickers, including Joaquín “El Chapo” Guzmán, the 44-year-old mother of four thinks she knows why: expectations Mexico will soon legalize marijuana.

“It has never happened to us where we harvest and have it (stored) in sacks,” said María, who asked that her full name not be used and her exact location not be revealed because in the mountains surrounding Badiraguato, where organized crime controls everything, misspeaking can be dangerous.

Mon
05
Apr

How Mexico's weed legalization could de-escalate the entire drug war

Mexico’s lower house of Congress in March handily approved a bill to legalize the recreational use of cannabis. The bill is now with the Senate, where it is likely to pass, as Mexican senators have previously voted to legalize cannabis.

Tue
30
Mar

Mexico’s Top Lawmakers Have Said That The Proposed Adult Use Cannabis Bill Will Be Passed In Its Current Form

Read entire article at Technical420

During the last year, the global cannabis market has recorded significant advancements as new markets in the European Union (EU) and Latin America have started to gain traction. 

Mexico is a market that has been in focus and is an opportunity we are excited about. The country is working to pass recreational cannabis legislation and we expect a positive outcome to be a major catalyst for the entire sector. 

Wed
24
Mar

Cannabis Industry in Mexico: This is what taxes would be like and their effects on the market

One of the main incentives that governments around the world have to create a regulatory framework for the cannabis industry is: The tax collection that this industry generates. Mexico is shaping up to be one of the main industry markets in the world , if we can configure and establish an attractive and competitive market.
It is important to recognize that the fiscal configuration will shape how the market performs within the country. Below, we share our perspective on how we could strike a balance between maximizing income for the country and promoting responsible adult consumption.

Mon
22
Mar

Mexico seeks to blunt power of cartels with marijuana legalization

The cultivation, sale and consumption of cannabis is legal worldwide only in a few places such as Canada, Uruguay and a handful of American states.

Mexico, an important player in the global marijuana black market, could soon be added to the list. Last week, the lower house of Congress approved draft legislation to that effect and it's likely that the upper house too will sign off on it. In November last year, the upper house already passed the bill but it had to go through yet another vote following a few modifications.

Fri
19
Mar

New Mexico Senate To Vote On Cannabis Legalization Bill

A New Mexico legislative committee approved a bill to legalize recreational marijuana early Thursday, setting the scene for a vote on the proposal by the full state Senate. The 5 to 4 vote by the Senate Judiciary Committee keeps the bill, House Bill 12 (HB 12), on track for approval during the current legislative session, which ends on Saturday.

Wed
17
Mar

Mexico is about to legalize marijuana, which will put pressure on Biden to do the same

Mexico’s likely approval of a law legalizing marijuana — possibly next month — could make it the world’s most populated country to authorize cannabis for medical and recreational purposes. That would have a big impact on the United States.

Some marijuana industry advocates, such as Mexico’s former President Vicente Fox, say the country’s expected passage of this law will push the Biden administration to legalize weed at the federal level in the United States.

Mon
15
Mar

New Mexico State Legislators Stall on Legal Cannabis

New Mexico has not moved any closer to fully legalizing recreational cannabis, as a Senate panel has decided to pull discussions at the last minute.

Thu
11
Mar

Mexico Publishes Approved Cannabis Regulations

Mexico turned a bunch of heads this week with the news that, finally, recreational cannabis is being seriously considered. The House supports it, and the president is expected to sign it into a law. Now, the country has also announced what the cannabis regulations will be if it passes. 

Pages

Subscribe to RSS - Mexico