Last November, the Mexican Senate passed a recreational cannabis project, taking the first step on the road of potentially creating the biggest cannabis market in the world.
Most recently, the Chamber of Deputies passed the bill with a few changes. The amended bill was supposed to be approved quickly, but Mexican Senate President Eduardo Ramírez revealed two weeks ago there is no consensus on the changes made by the Chamber of Deputies.
While it may take longer than expected, Ramírez is enthusiastic about the bill being approved before April 20, when the Congressional season and the current Congressional term ends.
Sooner or later, cannabis legislation in Mexico seems inevitable.
What Does This Mean?
Most industry veterans agree Mexico would become the largest legal cannabis market in…