420 with CNW — Mexico’s Chamber of Deputies Approves Marijuana Legalization Bill

Last week, the majority of the legislators in Mexico voted to legalize cannabis for recreational purposes, despite some of the legislators rejecting the legislation as they had health concerns. The Mexican Chamber of Deputies passed the bill with 23 abstentions, 129 votes of opposition and 316 votes in favor of the bill. This approval is a step forward by legislators to decriminalize cannabis, with senators having approved another version of the legislation in November last year. There were some changes that were made to the bill that senators voted on in this recent session.

Earlier in January, health authorities in Mexico had issued rules to secure pharmaceutical production and medical use of cannabis derivatives.

In last week’s move, lawmakers voted to publish the federal law for the regulation of marijuana, in addition to approving changes to the federal Penal Code and the General Health Law.

The legislation will decriminalize the possession of up to 28 grams of cannabis, with users being required to get a special permit to allow them to grow cannabis plants on their premises as well as a special permit to import, export, transform and research on cannabis. Presently, it is illegal to be in possession of more than five grams of cannabis.

Conadic, which is the National Commission Against Addictions, makes up part of the ministry of health. It will be in charge of the promotion and regulation of cannabis, which isn’t what the Senate had agreed on. Instead, the Senate had agreed to create a Mexican institute for the control and regulation of marijuana.

Additionally, the chamber of Deputies also voted to permit ownership of six plants in each household and eight if there were two consumers. This differs from what the senators had approved in November, which was four plants. The bill will be advanced to the Senate, where the changes will be reviewed before the final law is voted upon. The MORENA Party, which is  the ruling party, is confident that the bill will be approved, arguing that the legislation could help address drug cartels in the country.

For the longest time, the country has waged a war on powerful drug cartels, with thousands of lives being lost each year due to violence. If the new legislation is approved, it will make Mexico one of the biggest regulated markets for marijuana in the world. Additionally, Mexico would become the third country globally to legalize recreational use of marijuana nationwide after Canada and Uruguay.

However, some critics have concerns that the legislation would make cannabis more accessible to children.

There needn’t be a lot of alarm about Mexico’s planned legalization of cannabis as not all companies in jurisdictions with legal marijuana markets make products that make users “high.” For example, California-based Green Hygienics Holdings Inc. (OTCQB: GRYN) specializes in the cultivation and processing hemp for the production of medicine-grade products.

NOTE TO INVESTORS: The latest news and updates relating to Green Hygienics Holdings Inc. (OTCQB: GRYN) are available in the company’s newsroom at http://cnw.fm/GRYN

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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