Business
How Mexico could turbocharge ASX cannabis shares
If Mexico moves forward with legalising recreational marijuana use, the ripple effects could boost cannabis shares across the globe. ASX cannabis shares, especially those with international markets in their sites, could enjoy a fresh tailwind for years to come.
What’s going on with Mexico and cannabis?
It wasn’t long ago that Mexican authorities still diligently pursued and prosecuted people for breaking the nation’s cannabis laws. Even minor possession could incur a heavy fine or jail term.
That changed in 2009, when the nation decriminalised the possession of small amounts of cannabis. Nine years later, in 2017, Mexico gave the green light to select medicinal marijuana products. The medicinal market is likely to expand this…
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