Over the past two years, milestones and history have been made with regularity for the cannabis industry. Last year, for example, we witnessed Canada become the... Mexico Unveiled Its Recreational Cannabis Bill: 8 Things You Need to Know

Over the past two years, milestones and history have been made with regularity for the cannabis industry. Last year, for example, we witnessed Canada become the first industrialized country in the world to give the green light to recreational marijuana. Regulations concerning cannabis derivatives (e.g.’s edibles, infused beverages, vapes, topicals, and concentrates) also went into effect last week.

Outside Canada, we’ve seen 33 U.S. states legalize the use of medical marijuana, to some degree, over the past 23 years, 11 of which have also waved the green flag on adult consumption. The U.S. Food and Drug Administration also approved the very first cannabis-derived drug last year to treat two rare forms of childhood-onset epilepsy.

And the milestones just keep coming.

On Oct. 17, 2019, a number of Mexican Senate committees unveiled draft legislation that would make our neighbor to the south the third country worldwide, after Uruguay and Canada, to legalize recreational marijuana. As reported by Canamo Mexico and Marijuana Moment, the 74 article, 42-page draft is similar to a bill proposed last year by Interior Secretary Olga Sanchez Cordero, who was then serving as a senator. However, the current legislation also incorporates bits and pieces of numerous other legislative proposals, and may be further modified by input received from the public.

Here are eight things you should know about Mexico’s groundbreaking cannabis bill, which seems to be very close to becoming law. 

[Read more at The Motley Fool]

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