A Green Wave? Mexicoâs Marijuana Market May Be Middling
Lawmakers in Mexico are on the verge of legalizing marijuana, but economists and industry analysts warn against expecting much monetary benefit.
A marijuana plant at a protest in favor of legalizing cannabis in September.Credit.Carlos Jasso/Reuters
By Oscar Lopez
March 12, 2021
MEXICO CITY â Mexico, a country carved up by cartels for decades, is poised to take a major step in drug policy. This week, the lower house of Congress approved a landmark bill to legalize recreational marijuana, which would make it the worldâs largest legal market for the drug.