According to the Senate leader of Mexico’s ruling party, by the end of this month, the lawmakers will vote on a bill for the legalization of recreational marijuana in the country.
Senator Ricardo Monreal of the MORENA Party said that despite the numerous pieces of legalization bills already on the table, his chamber is almost through developing a new bill which will be a product of many weeks of public forums and open-session discussions. Invited to weigh in on the bill are the chamber of deputies and the other half of Mexico’s legislature.
Monreal further added that the Senate plans on bringing out and approving the bill into law at the end of October.
In 2018, the Supreme Court ruled that the government should end the unconstitutional ban on possession, cultivation and consumption of marijuana and to legalize the substance by the end of October 2019. The lawmakers are hoping to meet the Supreme Court deadline of terminating federal prohibition of cannabis. The majority of the lawmakers are urging the country to go further and legally regulate marijuana production and sale.
In recent weeks, the Senate has been holding a series of events to get public input on legalization proposals as well as advice from experts. For instance, in one of the events, a former White House drug czar spoke of about the importance of stringent regulations in the legal cannabis market.
On Monday, another forum on international marijuana markets was held in the chamber.
Last week the coordinator of the MORENA Party’s bench in the Chamber of Deputies, Mario Delgado Carrillo, filed legislation to legalize and regulate marijuana. Moreover, to prevent large marijuana corporations from monopolizing the sector, he proposed for the markets to be controlled by the government. However, the president, Andres Manuel Lopez Obrador and Montreal are not in favor of a government-controlled marijuana program. Carrillo later said that the bill was drafted to reflect his personal preferences, but Monreal suggested adding several of his ideas in the proposed legislation.
In September, Senator Julio Menchaca Salazar, a member of the MORENA party introduced a bill in the Senate that would legalize marijuana through a state-controlled system.
According to Monreal, the senate is trying to make the best law possible by engaging in countless debates on the legalization of marijuana for personal use. He added that the Senate is going to invite the deputies in the remaining discussions.
It remains to be seen how the law which is eventually passed affects industry actors, such as Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF), in other markets around the region.
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CNW420.com
Do you have a questions or are you interested in working with CNW420? Ask our Editor