In the first quarter of 2021, we noticed a significant spike in interest in the Mexican cannabis market. The catalyst behind the increased interest was related to legal cannabis legislation that was quickly advancing through the Mexican government. Original article published on Technical 420
The legislation garnered support from Mexico President Andrés Manuel López Obrador and all signs were pointing towards legalization. After the bill hit a snag in the Senate, Mexican lawmakers were unable to meet a Supreme Court deadline to end cannabis prohibition.
After lawmakers missed the deadline and failed to ask for an extension, rumors about a special legislative session after Mexico holds elections this month started to surface. We expect the passing of the legislation to prove to be a catalyst for the entire cannabis sector and have been closely following how the bill advances in the back half of 2021.
According to a study that was conducted by…