Congressional Researchers Admit Legalizing Marijuana Hurts Mexican Drug Cartel Profits
Marijuana Stocks, Finance, & InvestingUncategorized August 4, 2020 MJ Shareholders
Demand for marijuana illegally trafficked from Mexico will continue to decline as the legalization movement spreads, a new report from Congress’s research arm states.
With a growing number of U.S. states—as well as Canada—allowing people to legally purchase cannabis in a regulated market, they’re less inclined to seek out the product through illicit channels, the Congressional Research Service (CRS) said.
“Authorities are projecting a continued decline in U.S. demand for Mexican marijuana because drugs ‘other than marijuana’ will likely predominate,” CRS wrote in the report, which was published last week. “This is also the case due to legalized cannabis or medical cannabis in several U.S. states and Canada, reducing its value as part of Mexican trafficking organizations’ portfolio.”
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