420 with CNW — Mexican Legislators Request Another Deadline Extension for Cannabis Legalization

Despite the Mexican Senate having approved marijuana legislation in November, Chamber of Deputies legislators agreed to ask for the deadline to be extended from Mexico’s Supreme Court earlier this week.

Earlier in 2018, the court had ruled that it was unconstitutional to prohibit the personal use of and the growing of cannabis. Legislators were ordered by the court to formally put an end to this criminalization by October 2019. Since then, the deadline has been moved several times at the request of the legislators, the most recent extension being December 15 this year.

Now, lawmakers are requesting that the Supreme Court extend the deadline again to February to allow the marijuana bill to be approved. Last month, the Senate had approved the bill, which would allow grown-ups who are age 18 and older to buy and have in possession up to 28 grams of cannabis, while also allowing the cultivation of up to six cannabis plants for personal use. Additionally, the bill would establish a regulated marijuana market.

In the past days, a few committees in the Chamber of Deputies adopted the bill in hearing, aiming to move it to a floor vote this week. However, Dulce Maria Sauri, Chamber president, stated that the body needed more time to refine the regulatory framework on marijuana.

Activists had voiced their concerns over some provisions in the bill, stating that they did not do their best to encourage social equity in the legal marijuana market and protect the rights of consumers. If the Supreme Court grants an extension in the deadline, the activists will have more time to pressure legislators to address these concerns.

A few revisions had already been made to the bill before the Senate vote last month, including an increase in the number of plants each person could cultivate and an alteration that would allow individuals who did grow marijuana for personal use not to be subjected to having a regulator track their plants. An additional change in the bill orders that the government expunge the criminal records of individuals who have past marijuana convictions.

Legislators also did away with a clause that barred individuals from owning more than a single type of cannabis license. This allows the vertical integration of marijuana businesses. The issuance of licenses and the cannabis market regulation would be the responsibility of the Mexican Institute of Cannabis.

The legalization of the bill would also allow marijuana to be consumed in public. This is excluding places where tobacco use has been prohibited or in mass gathering where individuals who are under the age of 18 might be exposed.

In Canada where cannabis is fully legal, lots of firms have found their competitive edge and capitalized upon it. For example, Pure Extracts Technologies Corp. (CSE: PULL) focuses on extracting cannabis compounds for its own use as well as for other industry players that contract with the company to offer extraction services.

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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.

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