The Mexican Adult Use Market Will Be A Major Growth Engine For Several Global Cannabis Companies
Earlier this month, Mexico’s push to legalize recreational cannabis was halted after Senate Majority Leader Ricardo Monreal said that is attempting to extend the Supreme Court’s deadline to change the current law.
This development was not well received by the market as Mexico was on the verge of becoming the third country to legalize recreational cannabis. So far this year, we have seen a spike in the number of viewers that are closely following the Mexican cannabis market, and this is an opportunity that we have been bullish on.
Large-scale Canadian Licensed Producers (LPs) such as Canopy Growth Corporation (WEED.TO) (CGC) and Aurora Cannabis Inc. (ACB.TO) (ACB) claim to be levered the Mexican cannabis market and we will monitor how the industry advances from here.
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