“It’s a great opportunity for international companies, Canadian and U.S., to start investing in Mexico. I think it would be a mistake not to,” said Raul Elizalde, CEO of HempMeds, a subsidiary of Medical Marijuana Inc.
The Chamber of Deputies this week approved possession of personal amounts and retail sales of cannabis products. People may consume marijuana in their homes if no minors are in the room. Mexico’s Senate previously gave consent and must now green-light changes in the lower house.
“The law passed with minimal changes from Senate. It will return to the Senate and it’s likely it will pass immediately and be published very soon,” Elizalde said. “It basically approves harvest of cannabis, transformation, sales and transportation of the product.”
But don’t look for dispensaries to open the next day. A Mexican supreme court April 30 deadline forced Mexican lawmakers into a “put the horse before the cart” scenario. Elizalde said he doesn’t expect final guidelines on legalization until March 2022. What he does expect are lawsuits. [Read More @ Fox News]
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
Comment *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Δ
A bill to increase the amount of marijuana a person can possess before facing stiff criminal penalties failed 15-9 in the Hawaii Senate on Monday. It was the second defeat…
By Hannah King and Arin Aragona Plans for Kentucky’s medical cannabis program took a significant turn last week with the passage of House Bill 829 and the implementation of emergency…
By Steven Ascher and Anna M.Windemuth The unique status of the cannabis business — legal in a majority of states, but still illegal under federal law — creates a thorny…
By Courtney A. Hunter and Jessalyn H. Zeigler Demand for cannabidiol (CBD) products continues to climb, and the market has risen to the occasion. There is now a robust array…