Mexico’s legalization journey took an unexpected turn Monday when a top Senator said that an anticipated vote on the drug would not happen by month’s end. Mexico’s Supreme Court may step in with a version of cannabis legalization that would remove restrictions from home grows while prohibiting commercial cannabis.
Market Realist
- The Court could issue a “declaration of unconstitutionality” while the Senate continues discussing the document, which had been “finalized” on October 18. The Court’s deadline was October 23.
- The bill builds on the Oakland cannabis equity model to empower disenfranchised communities. The Senate’s proposed law presently makes vertical integration illegal. The draft also said foreign ownership of commercial and research licenses can’t be more than 20% of the licensee capital structure.
- The Senate’s Political Coordination Board President, Ricardo Monreal, said it will “shield” legislators from external influence.
