By Yucatan Times on February 26, 2019
The most important battle in Mexico has just been won: the chamber of the Supreme Court of Justice of the nation (SCJN) has published case law in which it states that all judges may grant prescriptions to those who need them, for the recreational use of cannabis. The resolution will be published in 6 days and will continue towards its complete decriminalization.
Until now, judges could refuse the protection of self-consumption issued by the Federal Commission for Protection against Health Risks (COFEPRIS), since the law partially prohibited consumption.
Last november, the senator and current secretary of the interior, Olga Sánchez Cordero, presented a proposal to regulate the plant for personal, scientific and commercial purposes.
Following the decision of the First Chamber, the matter advances with substantial support to the Supreme Court, where it would approve the general statement to establish case law against five sections of health legislation that would prohibit personal use or consumption, as well as planting, cultivation, harvesting, preparation, possession and transport of the plant. Legislators had a period of 90 calendar days to amend or repeal these five articles.
“THE INITIATIVE AIMS TO END ONCE AND FOR ALL THE WAR THAT CONTINUES TO KILL US,” SAID SÁNCHEZ CORDERO
Once the decision is published in the official journal Semanario Judicial, all federal judges in the country will be required to provide protection to people who ask to consume legally.
THIS FIRST CHAMBER UNDERSTANDS THAT THE FUNDAMENTAL RIGHT TO THE FREE DEVELOPMENT OF PERSONALITY ALLOWS, THUS TO SAY, THAT ADULTS DECIDE WITHOUT INTERFERENCE WHICH TYPE OF RECREATIONAL OR LEISURE ACTIVITIES THEY WISH TO EXERCISE, AS WELL AS TO CARRY OUT ALL ACTIONS OR ACTIVITIES NECESSARY FOR POWER. CONCREE THIS CHOICE “, UNDERLINES THE THESIS.
MEXICAN COMPANIES PREPARE TO BECOME CBD GIANTS
The country is positioned as the second largest market in the region, after Brazil, and these newly created companies are ready to take advantage of this activity.
In this context, companies have become interested in the CBD market: the product that comes from the plant that contains no psychotropic agents.
17 MILLIONS OF POTENTIAL PATIENTS IN LATIN AMERICA
In 60 countries that are on the verge of legalizing marijuana, more than 90% of cases focus on the development of CBD-containing products for industrial and medical reasons. The most important region in this development is Asia, and in Latin America, Brazil is leading the consumption. Then there is Mexico, Colombia, Chile and Argentina, explains Giadha Aguirre, Executive Director of New Frontier Data.
These countries have a market potential of 10 billion, which opens up the possibility of creating power in CBD production alongside Asia, Canada, Europe and the United States
China is the largest producer of hemp, with 95% of the industry. This is why, according to Aguirre, the countries of Latin America should join forces. “The growth of the region will depend on many factors, such as the lower cost of culture, as in Thailand and Indonesia, or innovation, such as that of the United States and Canada, which is the most competitive and mature market.
The problem with Europe, which ranks second for consumption, is that it can not grow or produce, which is why Latin America, Asia and Canada are competing for who will export more Cannabis to the rest of the world.