Noticias

CANNABIS LAW INITIATIVE
24 de Octubre de 2019

CANNABIS LAW INITIATIVE

On October 23, 2019, the formal initiative of legal reform regarding cannabis was formally presented to the Mexican Congress. The initiative opens the market to all activities (industrial, recreational and therapeutical) and has some serious limitations to the industry, including (i) a limitation to 20% of foreign investment in the equity of a licensee; (ii) a prohibition for an individual or corporate group to hold more than one type of the four authorized licenses (crop, processing, commercialization and importation/exportation); and (iii) a prohibition por the sale of cannabis in food or beverages.


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