Mexican Congress Votes to Legalize Marijuana
Marijuana Stocks, Finance, & InvestingUncategorized March 12, 2021 MJ Shareholders
Mexico’s Congress voted in favor of legalizing marijuana–a move some politicians claim will help curb the raging cartel violence.
This week, Mexico’s congressmen held a series of heated debates about legalizing marijuana for medical, recreational, and industrial use. The bill decriminalizes possession of up to 28 grams and sets up regulations for production and distribution.
The proposed law passed largely along party lines with 316-129 and 23 abstentions. The opposition consisted of the National Action Party (PAN) and Revolutionary Institutional Party (PRI). Supporting the bill were largely from the ruling party, MORENA.
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