Marijuana should be legalized in two of Mexico’s main tourist hot spots, Cancun and Los Cabos, in order to reduce criminal violence, Mexico’s minister for tourism said on Thursday.
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Mexico City residents should be free to grow marijuana for personal use, a mayoral hopeful told Reuters on Wednesday, arguing that one of the world’s largest cities should lead the charge to end prohibition in a country riven by drug violence.
California legalizes marijuana for recreational use Monday, but that won’t stop federal agents from seizing the drug — even in tiny amounts — on busy freeways and backcountry highways.
Mexico will legalize sales of marijuana-based medicines, foods, drinks, cosmetics and other products early next year, its health regulator said on Wednesday, bringing some forms of cannabis into legal commerce even as the country struggles with the illicit drug trade.
You might be wondering what’s behind the big rally in cannabis stocks? While a generally bullish market has certainly helped, there are five other considerably more prominent reasons behind the rally in marijuana stocks in 2017.
Say hello to the very first marijuana ETF for the U.S. As reported by CNBC, on Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF.
PHOENIX, Ariz., Nov. 7, 2017 /Weed Wire/ — Corix Bioscience Inc. (OTCQB: CXBS) has purchased 100% of Pharmaceutical Development Corp., allowing Corix to commence selling its proprietary cannabis products internationally.
SAN DIEGO, Oct. 26, 2017 /Weed Wire/ – Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, announced today that subsidiary HempMeds® Mexico Executive Raúl Elizalde has been invited to speak on behalf of the family of companies, to the U.N. at the World Health Organization’s (WHO) International Drug Scheduling; Convention on Psychotropic Substances; Single Convention on Narcotic Drugs in Geneva, Switzerland, on Nov. 6, 2017.
SAN DIEGO, Aug. 21, 2017 /Weed Wire/ — Medical Marijuana, Inc. (MJNA), the first publicly traded cannabis company in the United States, today announced that the State of Mexico’s government has purchased the company’s Real Scientific Hemp Oil-X™ (RSHO-X™) CBD hemp oil products from its subsidiary HempMeds Mexico® to treat 11 of its citizens suffering from varying indications including Refractory Epilepsy and Lennox Gastaut-Syndrome.
Mexican medical marijuana businesses and their investors will have a long time to wait before seeing profits from the newly legalized industry.
On June 19, 2017, Mexican President Enrique Peña Nieto signed a measure into law that legalizes marijuana for research and medicinal purposes.
Mexico’s Lower House of Congress passed a bill on Friday to legalize the use of marijuana and cannabis for medical and scientific needs.
Cannabis has a particularly rich history in the Caribbean. With Jamaica and Puerto Rico making moves in the market, the World of Cannabis featured Edgar Montero, Mark Slaugh, Lance Johnstone Courtney Betty and Barry Robert Gainsburg, Esq., on how to navigate the Caribbean market.
SAN DIEGO, Jan. 24, 2017/Weed Wire/ — Medical Marijuana, Inc. (OTC: MJNA) announced today that its subsidiary HempMeds Mexico® has received permission from Mexico’s health authority COFEPRIS to import their flagship product Real Scientific Hemp Oil-X™ (RSHO-X™) to treat a patient for their pain associated with cancer treatments and for their general well-being.
More are questioning the effectiveness of the government’s protracted battle against drug cartels; small steps to allow medical marijuana.
On Dec. 13, 2016, the Mexican Senate voted overwhelmingly to pass a bill that would legalize medical marijuana in the country. Approved by a margin of 98-7, the bill is part of a larger proposal submitted by President Enrique Peña Nieto to Congress.
SAN DIEGO, Calif., Nov. 28, 2016 /Weed Wire/ — Medical Marijuana, Inc. (OTC PINK: MJNA) announced today that its subsidiary HempMeds® Mexico, the first and only company with approval from COFEPRIS to legally import a cannabis product into Mexico, has begun distributing Real Scientific Hemp Oil™ (RSHO™) to Colombia.
On Sept. 15, 2016, a legislator from California revealed that Mexican President Enrique Peña Nieto brought up California’s recreational legalization measure with a delegation of California Democratic lawmakers who were visiting Mexico to discuss trade and border issues.
SAN DIEGO, Calif., Aug. 12, 2016 /Weed Wire/ — Medical Marijuana, Inc. (OTC PINK: MJNA) announced today that its subsidiary HempMeds® Mexico is sponsoring and exhibiting at the Aug. 12-14 ExpoWeed Conference, the first-ever cannabis conference to be held in Mexico.
SAN DIEGO, June 28, 2016 /Weed Wire/ — Medical Marijuana, Inc. (OTC PINK: MJNA) announced today that Mexico’s government has approved 22 additional import permits for Real Scientific Hemp Oil-X™ (RSHO-X™), expanding the Company’s foothold into a market projected to eventually reach $10-12 billion annually.
MEXICO CITY—Mexican President Enrique Peña Nieto on Thursday said he would ask the country’s congress to decriminalize personal possession of up to an ounce of marijuana, legalize its medical use and shift public policy from prohibition to prevention of the drug’s consumption.
Legal marijuana may be doing at least one thing that a decades-long drug war couldn’t: taking a bite out of Mexican drug cartels’ profits.
Marijuana is a global issue, and it seems that despite international treaties and sanctions that vilify the drug, many countries are moving forward in attempt to embrace it.
According to Reuters, Sen. Cristina Diaz Salazar believes Mexico’s Congress should approve a medical marijuana bill by May.
In early November 2015, Mexico’s Supreme Court decided that marijuana use was a basic human right, critical to self-determination.
On Dec. 27, 2015, Jesus Zambrano, President of Mexico’s Chamber of Deputies, a house in the country’s Congress, issued a press release announcing that the Congress of Mexico will have a hearing on the issue of recreational marijuana legalization.
On Nov. 4, 2015, Mexico’s Supreme Court of Justice of the Nation approved personal use of marijuana, including growing, harvesting, preparing and possessing the plant, for the four plaintiffs addressed in the court’s ruling.
One of the ongoing rationalizations for the legalization of the drug trade in the United States has been to stop the associated crime that comes with prohibition. The drug trade across the Mexican border is one of the bloodiest on a regular basis.
Cannabis was around long before anyone decided to profit from it. It has a rich history of geography that informs its position in agriculture, the economy, politics and medicine.
Legalization and the black market are oil and water for the marijuana industry. Neither side of the law does the other side any favors.
Made-in-America marijuana is on a roll. More than half the states have now voted to permit pot for recreational or medical use, most recently Oregon and Alaska.
Marijuana has accounted for nearly half of all total drug arrests in the US for the past 20 years, according to the FBI’s crime statistics. And according to the Department of Justice (DOJ), a large portion of the US illegal drug market is controlled directly by Mexican cartels.
Rodrigo Silla, a cannabis farmer in Mexico, complained to The Washington Post that growing marijuana is “not worth it anymore,” and added how he wishes “the Americans would stop with this legalization.” Mexican cartels are having trouble competing with legal weed.