According to Elliot Burman from Mexico News Network, Marijuana legalization could generate the Mexican economy an additional 60 billion USD a year.
The deregulation of marijuana could generate an industry of up to $ 60 billion dollars in Mexico, according to estimates by the National Traffic Light Organization.
Pot private equity firms and medical marijuana growers, all look at Mexico as a big business opportunity.
Daniel Sparks, head of government affairs at BioTrackTHC, which is a US-based provider of marijuana supply-chain software, is of the opinion that just like US, Mexico bootleggers and mafia lords will give up on illicit moonshine once prohibition ends.
“The drug gangs will have little interest in legal marijuana if the market appoints reputed tech and pharmaceutical firms”. He added that even if there is opposition from the cartels, medical and recreational marijuana programs are already depleting the drug lords’ profit margins.
Recently, Enrique de la Madrid, Secretary of Tourism, said that the sector requires strategies related to increased security, including the legalization of marijuana in the country.
“I think Mexico is so big that we should think about differentiated exercises, as they have done in the United States, where although the issue of marijuana consumption and production is still banned at a federal level, it is a fact that in different states, such as in California, it has been legalized for medical and recreational purposes. It is absurd that as a country we do not take that step.
Similarly, he pointed out that in view of the difficulties to legalize marijuana throughout the country, it could be done only at specific points such as Baja California Sur and Quintana Roo, two of the most important tourist destinations in Mexico.
In June 2017, the Official Gazette of the Federation (DOF) announced the medicinal use of pharmacological derivatives of cannabis sativa, indica and American or marijuana.
more recommended stories
Mexico analyzing U.S. proposal on deportation funding
MEXICO CITY (Reuters) – Mexico’s government.
López Obrador promises an extra 10 billion pesos for earthquake recovery
President-elect Andrés Manuel López Obrador yesterday.
AMLO stuck for hours on commercial flight in Oaxaca
Mexico’s President-elect Andres Manuel Lopez Obrador,.
Yucatan will become a pole for Artificial Intelligence in Mexico
Yucatan seeks to become the pole.
Increased prevention efforts needed to curb the growing risk of future natural disasters in Yucatán
Aarón Palomo Euán, director of the.
Truck storing 150 unclaimed corpses found in Jalisco, Mexico
Two weeks after residents of Tlaquepaque,.
“Quintana Roo’s subsoil fragility is a challenge that the Maya Train will face ” expert says
Chetumal (19 Sept 2018) .- In.
Pitbull’s exhibition and seminar in Oxkutzcab, Yucatán (Sep. 23)
On Sunday, September 23, an exhibition of.
A study by Universidad del Caribe reveals exponential increase of Airbnb rooms in Cancun
Cancun, Q.R. — A new reports.
Mexico’s next government starts oil contract reviews with Talos Energy
MEXICO CITY (Reuters) – Mexico’s incoming.