Mexico's Cannabis Legalization Update

<p>Mexico’s proposal to legalize cannabis has hit a snag in the Senate, where a revised version of the bill is under consideration. The economic potential is enormous, we are talking about generating more than $22 billion dollars in less than four years because there is an opening to all areas, from the medicinal part, the recreational part, and even the industry.</p> <p>2028 opens a national cannabis market with a value of two billion dollars, with 67% from the medical branch and 33% recreational, according to a report by Endeavor Mexico. Mexico, considered the second-largest producer in the world with up to 27,000 tons a year. One of the main advantages of Mexico is that 80% of the territory is suitable for growing cannabis and its derivatives.</p> <p>But the reforms still include fines for possessing between 28 and 200 grams and prison sentences of up to 15 years for carrying more than 200 grams.</p> <p>Show Notes:<br /> Mexico Cannabis Legalization Hits Unexpected Snag in Senate<br /> https://www.bloomberg.com/news/articles/2021-04-08/mexico-cannabis-legalization-legislation-stalls-in-senate<br /> Businesses prepare for the imminent legalization of marijuana in Mexico this month<br /> https://www.vallartadaily.com/businesses-prepare-for-the-imminent-legalization-of-marijuana-in-mexico-this-month/<br /> Marijuana growers worry about their future under legalization<br /> https://mexiconewsdaily.com/news/marijuana-growers-worry-about-their-future-under-legalization/<br /> Mexico: Reform Marijuana Policy<br /> https://www.hrw.org/news/2021/04/23/mexico-reform-marijuana-policy#</p> <p>Guest:<br /> Katrina Glogowski, Seattle Attorney & Angel Investor<br /> https://www.linkedin.com/in/katrina-glogowski-711a985/</p> <p>Host:<br /> Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.<br /> https://www.linkedin.com/in/joshkincaid/</p> <p>Episode 707 of The Talking Hedge:<br /> Your Cannabis Business Podcast.<br /> ​Covering cannabis products, reviews, business news, interviews, investments