On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

420 with CNW – Mexican Senate Leader Says Cannabis Legalization is Due This October

The Majority Leader of the Mexican Senate has revealed that his chamber is most likely to pass a marijuana legalization bill by the end of this month.

Ever since the country’s Supreme Court declared back in 2018 that it was unconstitutional to outlaw the personal possession and use of marijuana by adults in the country, activists have been restless as they await an appropriate law to operationalize the ruling of the top court in the land.

Nevertheless, some of the activists are unhappy with the current bill before Senate because they feel that it doesn’t go far enough to ensure equitable access to the industry once legalization takes place.

Despite the Supreme Court giving the government a deadline extension until mid-December, Ricardo Monreal of the ruling MORENA party, who also happens to be the majority leader, says that a floor vote is likely to take place within the next two weeks.

Currently, it isn’t clear how the bill will be handled in the Senate. Some people speculate that the shortage of time will compel the legislators to send the draft bill straight to the floor of the upper chamber instead of taking it through the committee process as is the norm.

Once the Senate approves the marijuana legalization bill, it will be sent to the other legislative chamber called the Chamber of Deputies.

Earlier this year, the legalization bill was considered and passed by several committees of the Senate. However, progress in passing the law ground to a halt when the COVID-19 outbreak made it impossible for further negotiations on the proposed law to take place.

Under the bill, adults who are at least 18 years old could cultivate and possess marijuana for their personal use. Individuals would also be allowed to grow up to 20 marijuana plants, on condition that the total annual harvest from those plants doesn’t exceed 480grams. Patients registered to use medical marijuana will however be allowed to apply for permission to cultivate more than the 20 plants allowed for recreational users.

The bill suggests that marijuana sales would attract a 12 percent tax and some of the revenue generated will be allocated to a treatment plan for substance abuse.

People will also be allowed to consume marijuana in public, with the exception of zones which are deemed to require 100% freedom from smoking, such as school and hospital premises. The bill also stipulates that CBD and hemp wouldn’t be governed by the laws which apply to THC products.

With a group of activists camped just outside the Senate premises having a massive collection of marijuana plants from which they allow passersby to light up a joint in solidarity with their cause, it is only a matter of time before the legislature passes the long-awaited law. It remains to be seen what cannabis entities like Sugarmade, Inc. (OTCQB: SGMD) make of the regional implications of the legalization of pot in Mexico.

About CNW420

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

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

Archives

Select A Month

Official NewsWire Relationships

Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo USA CBD Expo

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722