Mexico Cartel Wars On Cusp Of Legal Cannabis “Green Rush”
For Guillermo Nieto, a Mexican businessman who grew up smoking pot, the cannabis greenhouse on his family’s vast farmlands is part of a bigger dream. One that involves deep-pocketed pharmaceutical companies.
Nieto and several Mexican businessmen have spent years positioning themselves for a time when the country opens up what could become the world’s biggest medicinal legal cannabis market, where the drug can be legally cultivated and sold.
Mexico finally outlined rules in July covering cannabis for medical use, and the sign-off is expected in the coming weeks.
A bigger prize may also be close for Nieto and foreign companies; Senate majority leader Ricardo Monreal told Reuters he expected a law to be passed before December for recreational use of the drug, allowing regulated private firms to sell it to the public. Read more…