Mexico Cannabis

In a significant step towards the regulation of hemp in Mexico, the Federal Commission for Protection against Sanitary Risks (COFEPRIS) has authorized Semillas Endémicas Mexicanna S.A. de C.V. to import, plant, cultivate and harvest cannabis sativa (hemp) for...

BDSA’s latest market forecast released on Wednesday heralds a new era of unprecedented growth in the global cannabis industry, predicting legal sales to ascend to $58 billion by 2028 from $36 billion in 2023. This anticipated growth, characterized by a robust compound annual growth rate of 10...

Cannabis company Xebra Brands Ltd. (OTCQB:XBRAF) (CSE:XBRA) (FSE: 9YC0) announced Wednesday it has finalized a CBD supply agreement with ICAN Green S.A. de C.V. to supply CBD isolate to Desart MX S.A. de C.V., a division of Xebra, for use in the manufacturing of legal CBD products in Mexico. This...

Hawaiians Want Clemency For Low-Level Cannabis Offenses This week, the Hawaii legislature approved Resolution 51, urging the governor to initiate a clemency program for individuals who have been prosecuted for low-level marijuana-related offenses. Rep. Jeanne Kapela, who sponsored the...

The NBA has eliminated cannabis testing for players and is considering allowing them to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies. Until now, NBA players have been prohibited from participating in cannabis sponsorships or business...

Xebra Brands Ltd. (CSE: XBRA) (OTCQB: XBRAF) (FSE:9YC) confirmed Thursday that it has fully satisfied all terms necessary for its acquisition of Desart MX, SA de CV, via the issuance of 48 million company shares, which were issued to five Mexican vendors and are being placed in escrow...

This article by Alex Halperin was originally published on WeedWeek, and appears here with permission. The lower chamber of Mexico’s legislature recently voted to legalize recreational cannabis. With the upper chamber and President Andrés Manuel López Obrador...

Regulating recreational cannabis in Mexico will take longer than previously expected, according to reports from El Planteo and El Universal. The adult-use cannabis project was approved by the Senate in November of 2020 and recently passed through the Chamber of Deputies with several...

Mexican Senators approved a historic adult use cannabis legalization bill on Nov. 19, with an 82 to 18 vote. This doesn't legalize adult use just yet, but Mexico appears well on its way to becoming the third nation to do so and potentially the largest legal marijuana market in the world....

If North American cannabis legalization policy were an ice cream sandwich, Mexico would be the second cookie smashing the United States into Canada. Once again, the United States is set to sit and observe another neighboring country become “woke” about cannabis and legalize adult use of...

In a big step for cannabis and hemp, the Senate Agriculture Committee passed a 2018 Farm Bill that includes hemp legalization language. “It is no secret that industrial hemp boasts the most significant potential for global economic impact from the cannabis industry. Hemp is a commodity. It...

Vicente Fox, who served as president of Mexico from 2000-2006, has become known for his outspoken criticism of U.S. President Donald Trump and his stance in favor of the legalization of drugs. In Fox's view, the government should take a hands-off approach to social issues. Anything that...