Apex Trading
Mexican legalization

After years of delay, Mexico is finally set to become the world’s largest cannabis market

MEXICO CITY–Last night Mexico’s lower house, the Chamber of Deputies, approved legalization in a 316 to 129 vote. After approving the bill in general terms, the lawmakers moved into yet another lengthy discussion on possible revisions—a continuation of a conversation that’s been going on for two years, since the Supreme Court ruled that Mexico’s ban on cannabis is unconstitutional. The bill will next move on to the Senate, which approved an earlier form of the bill in November and is expected to easily pass the revised form. The final hurdle will be approval from President Andrés Manuel López Obrador, who has indicated support.

If approved, the measure will legalize possession of 28 grams and allow Mexicans to apply for a permit to grow a small number of cannabis plants at home. Licensed producers will be allowed to cultivate and sell cannabis. With a population of 128,932,753, Mexico will be the world’s largest legal cannabis market. Stay tuned as we explore what this means–for Mexicans, Mexico, and for the global market.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *



About the Author
Related Articles

Join the List

Subscribe for weekly updates.

We value your privacy.
Scroll to Top