Mexico Legalizes Medical Cannabis - Here's How You Can Profit

Analysis originally distributed on June 21, 2017 By: Michael Vodicka of Cannabis Stock Trades

Legal cannabis scored another big victory this week.

In April, Mexico's lower parliament overwhelmingly voted to legalize medical cannabis, voting 357 to 7.

Then, earlier this week, Mexico's President Enrique Pena Nieto signed the bill into law, legalizing the use of medicinal cannabis THC, CBD, and all cannabis derivatives. The new legislation also makes it legal to produce and distribute cannabis for medical and therapeutic purposes.

Early estimates project sales between $1 billion and $2 billion in the first 10 years. That would come out to between $100 and $200 million per year.

The size of Mexico's young cannabis market will pale in comparison to the US and Canada.

In 2016, US cannabis sales totaled $6.5 billion. Continue reading "Mexico Legalizes Medical Cannabis - Here's How You Can Profit"