Sensibly the Mexicans have been looking across the border to the north and working out very quickly how systemic corruption can enter the industry and doing their best in the draft legislation to halt it at the pass and also ensuring at the same time that any money made from cannabis stays in the country and doesn’t end up in Wall St.
MJ Biz write..
Mexican lawmakers are moving closer to adopting groundbreaking legislation to establish a federally regulated cannabis industry, a move that would lay the legal foundation for a new industry and make Mexico only the third country in the world to legalize commercial production of adult-use marijuana.
The legislation lays out the groundwork to create what would be the largest adult-use marijuana market in the world by population, well ahead of Canada and Uruguay. The proposed law would also legalize cannabis for medical and industrial (hemp) use.
Read the article here
Mexico’s draft cannabis legalization law would limit foreign investment, ban vertical integration
