Mexico will become the world’s largest legal cannabis market if Congress legislation is passed in the coming weeks, according to the Wall Street Journal. Lawmakers in the lower house say they will approve a bill passed by Senate in late November legalizing recreational marijuana.
- Mexico seeks to tackle drug cartels in its move to legalize marijuana as it is currently home to the world’s most influential drug gangs.
- Legislators want to raise the amount of pot consumers may possess in public beyond the Senate bill’s limit of 28 grams, or about an ounce.
- Currently, one can possess up to five grams of marijuana in Mexico without being arrested.
Mexico’s use of marijuana for medicinal purposes has been legal since 2017. Marijuana stocks surge: CGC is up 7%, TLRY is up 9%, MJ is up 3%.
