First Canada, Now Mexico - We're Gonna Be Surrounded By Countries With Legal Marijuana By The End Of The Year

I saw this today, and was flabbergasted just because I had never heard this. Throw in the fact that the Texas House voted to semi-decriminalize the stuff today (one ounce or less is punishable by a fine of up to $500, but no jail time, see http://www.statesman.com/news/...marijuana-possession ) and my notion of normal is definitely going to be altered.

quote:
Excerpted from: Mexico Aims To Legalize Recreational Marijuana Before October
Sean Williams, The Motley Fool, April 28, 2019

In June 2017, Mexico became one of the aforementioned 40-plus countries to legalize medical marijuana, which is no small feat given the control certain drug cartels wield in Mexico. With this medical pot infrastructure already in place, the time has come for Mexico to take the next logical step and become the third country worldwide to have broadly legalized cannabis.

Of course, Mexico's lawmakers aren't necessarily considering legalization because they feel it's the right thing to do, or because an estimated 80% of the public in informal polling favors legalization. Rather, Mexico's lawmakers are being coerced by the nation's Supreme Court. You see, anytime Mexico's Supreme Court reaches five similar decisions on an issue, the standard set by the court is applied throughout the country. With regard to recreational marijuana, Mexico's Supreme Court has ruled five times since 2015 that the imposition of a ban on recreational pot is unconstitutional. In effect, the Supreme Court has made legalization the standard, and now it's up to Mexico's Senate to amend existing laws to reflect this ruling.

According to Marijuana Moment, lawmakers plan to use the summer recess, which begins May 1 and runs through Aug. 31, to rework legislation to legalize recreational marijuana throughout Mexico. This recess period is particularly important given that the Supreme Court has imposed an October deadline to develop a regulatory plan for cannabis.

Should Mexico indeed move forward with legalization before October, as well as develop a plan to reduce or eliminate cartel interference, it could be on a path to usurp Canada as the most important marijuana market in the world. The reason? Just look at the population variance between the two countries. Canada had a population of 37 million in 2018, with about one in six adults using marijuana during the fourth quarter. Meanwhile Mexico has a population of approximately 130 million. If a similar percentage of adults pay for legal cannabis, Mexico could dwarf Canada in terms of long-term sales potential.

Full original text at http://www.fool.com/investing/...l-marijuana-bef.aspx

There's already plenty of pot coming across the border as it is. Heaven only knows how many people are going to be bringing back a little MJ from Mexico if its perfectly legal there. All I can tell you is that its going to look juuust about like all the little old ladies and men who go across for lunch, cheap drinks and a little shopping and then try to sneak in a bottle of liquor duty-free when they come back across - which is to say massive in aggregate.

Posts: 27293 | Location: Deep in the heart of the brush country, and closing on that #&*%!?! roadrunner. Really. | Registered: February 05, 2008

tatortodd

Drill Here, Drill Now
Picture of tatortodd

posted

	View $GS_USERNAME's Public Profile
	Add $GS_USERNAME to my Ignore ListRemove $GS_USERNAME from my Ignore List
	View Recent Posts by $GS_USERNAME
	Notify me of New Posts by $GS_USERNAME

Quick Reply to: First Canada, Now Mexico - We're Gonna Be Surrounded By Countries With Legal Marijuana By The End Of The Year
Guest Name

Close \| Use Full Posting Form \| Quick Quote