$TGODF $TGOD.V Another Marijuana Legalization Bill Introduced in Mexico Legislature

October 7, 2019

On Tuesday, a key Mexican lawmaker introduced a new marijuana legalization bill in parliament. The legislation would allow people to cultivate marijuana in their homes.

The coordinator of the ruling MORENA party’s bench in the Deputies Chamber, Mario Delgado Carrillo, while filing the legislation, argued that regulating marijuana would help in promoting health among the Mexicans. Furthermore,  having the government in charge of the program would help in reducing industry monopolization by the big marijuana companies.

In the bill, he outlined the history of the marijuana ban in Mexico while citing that there is not enough evidence to support the ban. The prohibition of cannabis is repressive, and it violates the fundamental rights of the Mexicans. He also added that legal access to marijuana could be used to treat patients with certain conditions.

The bill also states that prohibition has led to widespread violence in Mexico through the formation and multiplication of criminal gangs. Furthermore, marijuana legalization would create jobs and stimulate growth in the Mexican economy.

As stated in the bill, the government would form a department called Cannsalud, which would be responsible for regulating the legal cannabis market. The department would be a branch of the federal government with technical, operational, and management roles to help in the realization of the sole purpose of the bill, marijuana legalization.

Last year, Mexican lawmakers went on a benchmarking trip to Canada to learn more about their marijuana legalization model. In Canada, marijuana is sold through government stores. It seems the Mexican lawmakers have adopted the Canadian system of the government-run approach to marijuana regulation.

The Mexican legislation would permit adults to cultivate a maximum of six marijuana plants for recreational use.

According to Delgado, the state would constantly supervise and control the growth and use of marijuana to make sure that it stays within the margin of legality, and the marijuana market is not left to the control of the citizens.

Under the bill, a public company would be formed as an intermediary to help identify and mitigate risks possible in the market; such as international companies maximizing their profits by utilizing weed above the legal potency limit, which would prove harmful to human health.

The Mexican Senate has been organizing events to promote talks about marijuana legalization for the past several weeks. A former White House drug czar was featured in one event where he urged the Mexican lawmakers to implement strong regulation for the cannabis market.

Earlier this month, Senator Julio Mencaca of the MORENA party introduced new marijuana legislation that does not call for the government to control sales.

Experts believe marijuana industry players, such as Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), in other markets are watching to see which of these bills is eventually passed in Mexico.

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