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Mexican businessmen prepare for "boom" in cannabis industry

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Mexican businessmen are "optimistic" about the upcoming "green economy boom" that would be brought about by the legalization of cannabis. This is the subject of a debate in Congress, especially on economic and industrial opportunities.

Guillermo Nieto, president of the National Association of the Cannabis Industry (Anicann), hopes that the regulation of cannabis will be approved soon. He therefore believes that in January 2021, a potential market of 5 000 million annual dollars could emerge.

It is for this reason, he explains, that a year ago, the Anicann was born and now brings together 200 entrepreneurs ready to invest, as soon as legalization, in the cannabis growing industry. Mexico, where there is a production potential three times higher than that of the United States and Canada.

"This competitiveness, in a market like the one to come, can make us Mexicans the spearheads in a new economy. We like to think that Mexico will become the leading cannabis patent maker in the world, "said the industry representative.

The marijuana debate was reactivated at the Mexican Congress this month, when MP Mario Delgado introduced a legislative initiative to establish a public company called Cannsalud, which would exercise a monopoly on trade in the country, as well as a 12% special tax to be allocated to social programs.

This proposal joins, among others, that of Olga Sánchez Cordero, current head of the Ministry of the Interior (Segob), and the case law established a year ago by the Supreme Court of Justice of the Nation (SCJN), that it considers the absolute prohibition of the recreational use of the plant unconstitutional.

Nieto believes that the current proposals are positive, because he considers that the important thing is to establish "clear rules" and a "floor for all". He therefore also calls for a cannabis group, in which civil society, businessmen and governments will come together to invest.

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Cannabis development and research

"It's the new green gold. Today, we think we are out of oil because we have to think about what is renewable. Every 20 week, a farmer can sow again, "he says.

Support for this area coincides with that of Zara Snapp, co-founder of RIA Institute, an association that already runs workshops in Mexico City for entrepreneurs who want to engage in the cannabis sector from a social justice perspective.

"We want to create and develop a conscious, thoughtful industry that wants to contribute to society through this industry and has nothing to do with economic gain. I think Mexicans have trouble understanding, "he says.

Snapp suggests, given the growing number of initiatives, that legalization will give priority to domestic producers, particularly in areas disproportionately affected by the "war on drugs".

"We really see this as one of the necessary actions for building peace and rebuilding," he said.

Organizations are fighting to fight the stigma of consumption and misinformation around the properties of the plant, which contains more than 100 compounds, called cannabinoids, all of which are not hallucinogens or psychotropic, and that can be used and separated for industrial uses. and medicinal.

Anicann estimates that in Mexico, there are only about 7,2 million recreational consumers, but that 40 million people could use a cannabis-derived product daily, such as ointments and painkillers.

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The association also estimates that the Mexican government could levy taxes up to 400 million dollars a year and that farmers could receive more than 3 000 dollars per hectare cultivated.

Cannabis has been legalized in the United States, Canada and Uruguay, in all types of use and at various stages of the production and marketing chain.

In addition, its recreational use is legal in eleven states and in the US capital, where it is also legally medical in 33 entities and in Washington, DC, although it is still penalized at the federal level .

In addition, its use for medical purposes is regulated, with different stages of progress, in Argentina, Chile, Colombia, Peru and Mexico itself.

A joint in the Mexican parliament

Independent deputy Ana Lucía Riojas Martínez gave an address to the Secretary of the Interior, Olga Sánchez Cordero, during her appearance before the plenary session of the Chamber of Deputies.

"One step to build peace, one step to build peace, is to legalize the use of drugs, a proposal you made yourself, so nothing more to close this intervention, I bring you a gift like reminder of the proposal that you made at the beginning, because it is the way that will help us to establish peace, regulate the use of drugs, "said the legislator who immediately gave the cigarette.

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