The Globe and Mail reports in its Monday edition that last week, Mexico's Supreme Court granted an extension until April, 2020, for Congress to end pot prohibition. The Globe's Jason Berkow writes that establishing a legal weed regime in Mexico comparable with Canada today will take at least until the mid-2020s. The role of private companies in that regime remains unclear.
Canada's Canopy Growth and Khiron Life Sciences are lobbying policy makers to design a legal weed system that would allow foreign corporations to participate. Others, such as Aurora Cannabis, Village Farms International and The Green Organic Dutchman, are more quietly developing assets and partnerships in Mexico.
An industry association called Grupo Promotor de la Industria de Cannabis (GPIC) was formed in 2018 to lobby the Mexican government on behalf of its 25 members to "promote a regulated market, with specific characteristics and quality players." The complete list of members has not been disclosed, although Canopy confirmed its membership over the weekend and GPIC president Erick Ponce said Canopy was a member and "some other big Canadian companies are in the process of [joining] but I can't comment on their status for the time being."
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