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).
In the United States, the U.S. Food and Drug Administration approved its very first cannabis-derived drug in June 2018. A year later, we saw Illinois become the first state to legalize adult-use cannabis and the sale of recreational weed entirely through the legislative process.
And then there’s Mexico, which gave the green light to medical marijuana in June 2017 and looked poised to legalize adult-use marijuana this past week. Unfortunately, plans for the latter have hit a snag.
Mexico’s recreational cannabis bill won’t be passed on time
As reported by online cannabis journal Marijuana Business Daily on Monday, Oct. 28, Mexico’s lawmakers will not meet a Supreme Court-imposed deadline to pass legislation that legalizes recreational marijuana before the end of October. [Read more at The Motley Fool]