On April 30, 2021, Mexico's Congress failed to pass adult-use legalization orders that were handed down by five Supreme Court 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 licenses 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 …