Mexico May Be Just Weeks Away From Legalizing Marijuana

Last year, we saw marijuana history made many times over. Canada became the first industrialized country in the world to legalize recreational marijuana nearly one year ago, while the U.S. Food and Drug Administration approved its very first cannabis-derived drug. The latter is a pretty big deal, considering that marijuana remains a Schedule I (i.e., illicit) substance at the federal level in the United States.

The activity this year has been no different, with the many of the largest acquisitions in cannabis history being announced, and derivative pot products officially being legalized in our neighbor to the north as of this coming Thursday, Oct. 17.

But maybe the biggest story of all in 2019 is yet to come.

Recreational cannabis legalization may happen very soon in Mexico

According to online publication Marijuana Moment, Mexico’s Senate appears to be mere weeks away from officially legalizing recreational cannabis. In doing so, it would become only the third country globally to have waved the green flag on adult-use weed, after Uruguay and Canada. [Read more at The Motley Fool]