Regulatory Update: Mexico Senate Approves Bill; Madison Passes New Cannabis Rules; NJ Amends Licensing Bill

Mexico Formally Says Yes To Marijuana Legalization Bill: UPDATED

According to Reuters, Mexico’s Senate approved the landmark cannabis legalization bill in a landslide vote Thursday.

The bill to legalize cannabis across the country was voted for by Mexican Senate Committees on Wednesday and went to the chamber for a vote yesterday. 

The move paves the way for the creation of the world’s largest legal marijuana market. Per Reuters, the initiative needs to pass another obstacle — the lower house of Congress.

Cannabis Legalization in Mexico has a deadline set to Dec. 15.

The bill that was drafted at the beginning of November proposes a regulated cannabis market that will enable people 18 years and older to legally buy and own up to 28 grams of cannabis, and also to grow up to four plants for personal use, reports the outlet.

Among several amendments to this bill, one stands out by its importance as it asks for the people who cultivate cannabis for personal use not to be obligated to have regulators track their plants.

Marijuana Moment reports that the senator published a column on his site on Sunday saying “ the intensity, duration and complexity of the discussion reflects the desire to achieve the pacification of a country that for years has been a victim of violence caused by drug trafficking, as well as the …

Full story available on Benzinga.com

More Regulatory Update: Mexico Senate Approves Bill; Madison Passes New Cannabis Rules; NJ Amends Licensing Bill