Is Weed Legal in Mexico?
Whether you want to buy weed legally or get a medical marijuana card, you have a few options. The first is to go to a licensed marijuana grower or clinic. Secondly, you can get a medical card from your state’s Department of Public Health. In either case, you will need to fill out an application.
Medical Marijuana
Having been legally legalized in June 2017, Mexico has now moved on to the next step: regulating medical marijuana. After several years of legal confusion, Mexican lawmakers have a new set of rules in their pocket. These regulations will be crucial for the rest of the world, and are a big step forward in the cannabis space.
The most basic aspect of these rules is that they make it legal for Mexican citizens to possess small quantities of marijuana. This means they can grow their own or purchase it from licensed dealers.
The most exciting part of these new rules is that they also allow for public and private research on the subject. This is a major milestone in the field of medical marijuana regulation.
The government has set out a series of laws that will help regulate the sale and production of marijuana. The rules will be in effect by January 2021. The regulations are designed to ensure that Mexico’s cannabis market is both safe and lucrative. The goal is to establish a market where small amounts of marijuana are legal to buy and use.
The regulations are also expected to create thousands of new jobs. The law that governs medical and recreational marijuana in Mexico is expected to be enacted before the midterm elections in 2020.
Tilray Sees Its Future in Extracts And Oil
Despite Tilray’s recent troubles, the company’s CEO believes that the marijuana boom is still in full swing and that the company has the potential to see significant gains in the future. Irwin D. Simon says that Tilray has a strong portfolio of assets across the globe, including a lucrative partnership with Anheuser-Busch InBev, which is expected to generate more than $32 million in revenue this year.
In terms of its operations, Tilray produces medicinal cannabis extracts, clinical compounds, and study drugs. It also produces hemp-based products and has a beverage-alcohol business. It has more than 850,000 square feet of domestic cultivation space. Tilray also has three facilities, one in Canada and two in Europe.
Tilray serves patients in 16 countries, including the U.S., Canada, and Germany. The company has a more significant relationship with European medical cannabis markets than it does with the US.
Tilray’s full-year results show that almost half of the company’s total revenues were tied to oils and extracts. These products are typically sold at a higher price point. However, Tilray saw a weaker sales mix, resulting in an overall lower gross margin. The company also reported a wider net loss than it did a year earlier.
The company said that the higher operating expenses were primarily attributed to the acquisitions. It also noted that the marketing costs increased significantly. This resulted in Tilray’s adjusted net losses widening to $25.2 million.
Sinaloa Cartel Plans to go Legit to Legalize
Despite its reputation as one of the most violent criminal organizations in the world, the Sinaloa drug cartel is preparing to go legit and play a major role in the legal weed industry in Mexico. A handful of representatives from the cartel have been speaking to reporters about their plans to become legitimate cannabis entrepreneurs once the country’s new legal weed market is up and running.
Sinaloa farmers are reportedly using advanced growing techniques and fertilization systems to churn out more sophisticated weed strains. Some are even planting genetically modified crops.
In order to compete with local marijuana producers, the cartel is laying the groundwork to enter the legal weed industry with a bang. They are also creating front organizations to help them take advantage of the new marketplace.
These networks are led by the sons of former kingpin Joaquin Guzman Loera. The cartel has a monopoly on marijuana dispensaries in the state of Sinaloa. Hundreds of these illegal shops operate from the same location for years without any hassle from authorities.
The cartel’s strategic advantage is its ability to produce a large quantity of marijuana. However, the cartel faces a challenge if the market for high-grade, high-THC weed begins to open up in Mexico. The cartel’s profit opportunities will shrink in comparison to those in the adult use marijuana market in the U.S.
