A couple of days ago, I commented on how Mexico’s new president could pave the way towards the legalization of cannabis.
Here’s a link to that article, which offers an early analysis on how this development could benefit cannabis investors: https://www.wealthdaily.com/articles/will-mexicos-new-president-make-cannabis-investors-rich/9301
Now the country’s new president, Andrés Manuel López Obrador, seems to be in favor of ending the war on drugs, but details are still a bit vague. That being said, we got word this week that Obrador’s choice for interior secretary is a huge advocate of legalization.
Her name is Olga Sánchez Cordero, and in terms of legalization supporters, she’s no joke.
Telling reporters that part of her involvement in the new government would be to offer a proposal to end the prohibition of cannabis, Cordero seems laser focused on ending the war on drugs.
You can get a better sense of this in a recent op-ed she published in Mileno, where she wrote …
The world war on drugs has failed. I do not share simplistic or totalitarian solutions, such as “a drug-free world”. We must be willing to discuss – openly – the need to carry out multilateral institutional actions on an international scale
The birth of new Mexican drug cartels and the magnitude of their expansion on a national scale has left a trail of blood and pain in our country; The figures of dead and missing – which are frightening – directly or collaterally, have been (for more than 20 years) the failure of the anti-crime policy. The debate between justice, health and the drug trade has never been led by the Mexican State; it has only been criminalized and fought with the hardening of sanctions, bringing mourning to thousands of families, both of the federal forces, and of those who have mistaken the way to commit a crime.
You can read the entire piece here: http://www.milenio.com/opinion/olga-sanchez-cordero/casos-causas/justicia-transicional-politica-drogas-salud-violencia
Following the recent election, as well as Cordero’s recent comments on legalization, Tom Angell from Marijuana Moment made a really good point in this tweet …
There’s some very real truth to this.
If Mexico does legalize cannabis, this will absolutely put more pressure on the US to end the prohibition of cannabis, and of course, capitalize on what may soon become the Great North American Legal Cannabis Trade.
For cannabis investors, and advocates of positive social change, this is fantastic news. Which is why I encourage you to follow legalization developments in Mexico very closely.
As I mentioned a few days ago, companies that have already positioned themselves to capitalize on the Mexico cannabis market, could do very well as this develops. Two of those include Khiron Life Sciences (TSX-V: KHRN) and Medical Marijuana, Inc. (OTCBB: MJNA).
And of course, if Mexico does legalize, it won’t take long for the big dogs to come in and get a piece of this action. I wouldn’t be surprised to see companies such as Canopy Growth Corporation (TSX: WEED), Aphria, Inc. (TSX: APH), and the Green Organic Dutchman (TSX: TGOD) taking full advantage of this opportunity.
Certainly we will be doing the same, too.