The New York Times Reports that Mexico Is Set to Legalize Recreational Marijuana, Becoming the World’s Largest Market

ONIT Sciences is closely monitoring events both within the US and abroad as many move to legalize medical cannabis and, in some cases, recreational use. A recent article in the New York Times details this historic event, as the bill legalizing recreational used passed the lower house and expected to see little or no opposition when it gets before Mexico’s Senate. President Obrador has already signaled his support for legalization.

From the article:
Lawmakers in Mexico approved a bill Wednesday night to legalize recreational marijuana, a milestone for the country, which is in the throes of a drug war and could become the world’s largest cannabis market, leaving the United States between two pot-selling neighbors. The 316-to-129 vote in Mexico’s lower house, the Chamber of Deputies, came more than two years after the Mexican Supreme Court ruled that the country’s ban on recreational marijuana was unconstitutional and more than three years after the country legalized medicinal cannabis

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The chamber approved the bill in general terms Wednesday evening before moving on to a lengthy discussion of possible revisions introduced by individual lawmakers. In its final form, though, the measure is widely expected to sail through the Senate before being sent to President Andrés Manuel López Obrador, who has signaled support for legalization. The measure, as of Wednesday night, would allow adults to smoke marijuana and, with a permit, grow a small number of cannabis plants at home. It would also grant licenses for producers — from small farmers to commercial growers — to cultivate and sell the crop.

About ONIT Sciences
ONIT Sciences is an agriculture technology company. ONIT’s name is an acronym that describes the company’s unique approach to the industry: Organic Natural Input Technology. It is the company’s mission to increase plant health and crop yield through natural, organic, non-GMO sciences while maximizing value to customers, shareholders, partners and employees. Established in 2018, the company is led by industry veterans and maintains offices in Irvine, California.

Call ONIT Sciences at (949) 317-1811 now to find out how you can participate in the tremendous upside potential of the medical cannabis market—while avoiding regulatory hurdles faced by growers, processors and retailers.

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