420 with CNW — Top Mexican Legislator Reveals Senate Will Soon Pass Bill to Legalize Marijuana

Last week, a senator in the Mexican Senate revealed that the upper chamber is preparing to pass a legislation to legalize cannabis as amended by the Chamber of Deputies this March.

Sen. Eduardo Ramírez Aguilar, who is a member of the ruling MORENA Party, explained that it was important to pass laws in the terms presented to the senate given the deadline they had been issued by the Supreme Court to enact changes in policy by April 30. He added that legislators could consider further revisions to marijuana laws after the preliminary bill had been enacted.

During a press conference, Ramírez Aguilar, who also acts as the Senate Board of Directors president, noted that the legislators’ priority was that the bill came into effect, with the only way forward being to approve it. The comments come roughly a fortnight after the Chamber of Deputies approved a landmark legalization measure that had been amended after it was passed by the Senate in 2020.

While the driving force behind the bill being approved is a Supreme Court mandate, many legislators have advocated for reform. Additionally, earlier in 2018, the court had ruled that the prohibition on growing marijuana and on personal possession was unconstitutional and tasked legislators with approving a change in policy.

For the moment, Senate Majority Leader Ricardo Monreal Avila stated that there was an ongoing thorough review by committees in the body that focused on whether the legislation would contribute to a reduction in fatalities as well as a reduction in crime. Under the measure, individuals aged 18 and above would be permitted to buy and possess up to 28 grams of cannabis and grow up to six cannabis plants for personal use. However, deputies have made amendments to the version that had been approved by the Senate. These revisions include licensing policies and rules for the commercial cannabis market, as well as the market’s regulatory structure.

Of these changes, the most significant one is that the revised legislation would not set up a new independent regulatory body whose work would be to oversee the implementation and licensing of the program as had been approved by the Senate. Instead, this authority would be given to an agency that already exists, the National Commission Against Addictions. In addition, the chamber also passed amendments to prevent forest land from being turned into cannabis growing areas and to increase penalties for the unauthorized possession of huge amounts of marijuana.

When Mexico finally establishes a regulated market for marijuana products, the country should expect to see a lot of innovative products introduced on the market in the same way that other jurisdictions have witnessed. A clear example is the patented HourGlass system introduced by Grapefruit USA Inc. (OTCQB: GPFT). This system makes it possible for cannabinoids such as THC to be efficiently absorbed through the skin.

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

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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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