The 2000s have been absolutely groundbreaking in the Cannabis industry world-wide. Countries across the globe are redefining their views on Cannabis and some are even legalizing recreational use nation-wide. What was once viewed as taboo, Cannabis has proven to be one of the strongest emerging industries of our time.
Companies such as Cronos Group and Tilray have seen growth of nearly 500% since their conception, due to the legalization in Canada. Many investors may think it is too late to get into the market. We’d beg to differ. With another one of the largest countries in the world planning to legalize Cannabis, there is certainly room for potential.
Mexico’s Supreme Court ruled Ban on Recreational Cannabis is Unconstitutional
On Wednesday, October 31st, Mexico redefined their view on the recreational use of Cannabis. The Supreme Court’s ruling stated that the ban on recreational use of marijuana for adults was unconstitutional. From the looks of it, this is something that has been anticipated for a long time since the Supreme Court allowed a growing operation for personal use in 2015. The incoming President-elect Andres Manuel Lopez Obrador are keen on the legalization of marijuana and plan to take steps quickly once in office.
In recent history, we’ve seen Canada undertake a nation-wide legalization which has led to a growth frenzy in the Cannabis industry. Although Canada is 5 times the size of Mexico, Mexico boasts a much larger population by about 88 million people. It will be exciting to see what lawmakers come up with over the next few months in regard to legalization in Mexico.
This company is getting ready to take on the New Market
The Green Organic Dutchman Holdings Ltd. (TGODF) released their plans to expand into Latin America early last month. The company specializes in organic cannabis with specific attention to the medical markets in Canada and Europe.
The Green Organic Dutchman has entered into a 50/50 joint venture agreement with LLACA Grupo Empresarial to expand their operations to Mexico. Grupo Empresarial is already established in Mexico’s pharmaceutical industry, providing access to 3,100 super markets and 4,500 pharmacies throughout the country.
With Grupo Empresarial already established with the places that eventually may be selling Cannabis, the Green Organic Dutchman have positioned themselves to be a key player in the Mexican market.
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