What Will Be The Cost Of Doing Cannabis Business in Mexico…If The Country Finally Legalizes It?

Medical marijuana has been legalized in Mexico since June 2017 and, in 2018, Mexico’s of Justice ruled that banning the plant was unconstitutional.

On April 30, 2021, Mexico's Congress failed to pass adult-use legalization orders that were handed down by five rulings, marking the fourth time the deadline was missed. Now, a bill to legalize recreational cannabis is expected to be brought to a vote.

Health for cultivation, harvesting and production of marijuana in Mexico are exclusively limited to medicinal and research purposes.

Andres Fajardo, CEO of Clever Leaves (NASDAQ: CLVR) considers Mexico as "interesting geography for cannabis," with over 100 million people “with interesting consumption patterns.”

Clever Leaves entered Mexico via a supply deal with CBD Life Sciences OTCPK: CBDL. The New York-based company will act as a supplier for the development and production of CBD Life's medical cannabis products in over 18,000 points of …

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