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Breaking News: Mexican Congress Approves Medical Marijuana - Mushroomstocks | Mushroomstocks
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Breaking News: Mexican Congress Approves Medical Marijuana

Apr 30, 2017 • 1:32 PM EDT
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2 MIN READ  •  By Michael Berger
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There is a cannabis revolution taking place all over the global and we are seeing cannabis reform taking place all around the world.

During the last two years, Brazil, Mexico, Paraguay, Puerto Rico, Canada, Uruguay, Jamaica, Portugal, and the Netherlands have taken steps to legalize or decriminalize cannabis.

Mexico’ Passes Legislation to Legalize Medical Cannabis

On Friday, this trend continued after Mexico’s lower house passed legislation approving the use of medical cannabis. The Health Department will be responsible for creating public policies to regulate the use of medical cannabis and its derivatives.

The legislation allows for the cultivation of cannabis plants for medical and scientific purposes and makes it legal to buy, sell, import and export industrial products with less than 1% THC.

Legislation Sent to Mexico’s President

Mexico has been one of the states to make significant changes to its cannabis laws during the last year. The passing of the legislation on Friday is a major step for the country as it will now go to Mexico’s President Enrique Pena Nieto to be signed into law.

In 2016, the Mexican government decriminalized the possession of small amounts of cannabis and issued permits to cultivate and possess medical cannabis for personal use Last year, the country also started granting permits allowing patients to import medical cannabis products.

A Growing Trend

Over the last month, we have seen a significant increase in the number of cannabis reform initiatives and it is only a matter of time until cannabis is made completely legal.

Although there are concerns regarding what United States Attorney General Jeff Sessions will do to the legal cannabis industry in the United States, the global cannabis industry is not waiting on Sessions to decided and the time to act is now!

Like or share if you support the legalization of medical cannabis! 

 

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

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