| | Saturday, November 2, 2019 | Cannabis Globalization Is Still Ready to Take the World by Storm By Greg Miller | You already know cannabis globalization is an unstoppable force, so it should be no surprise that Mexico has been getting ready to unleash a legalized recreational market.
As a quick recap, you can access our report about Mexico's cannabis legalization efforts right here.
On October 23, Mexico's Supreme Court was supposed to vote for the legalization of adult-use cannabis.
Well, it has delayed the legalization.
The Senate Committee said the bill being reviewed would require more time, so the Senate asked the Supreme Court to extend the deadline.
However, the Supreme Court might not wait until the Senate reviews the bill. It could move forward and prepare a general declaration of unconstitutionally, which would not legalize regulated, recreational cannabis to be sold in retail stores.
However, it would allow home-grown cannabis in Mexico.
The bill will be reviewed again in early November, according to Mexican politician Ricardo Monreal.
Again, this is just a short-term setback, and we will have more updates for you as they develop.
In terms of legalization across the globe, one of our members wanted to know the timeline of when Colombia will legalize cannabis. When that happens, that will open up a lot of investment opportunities because Latin America could become the king of cannabis exports.
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