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Legalization of marijuana in Mexico could leave an economic spill of up to 100 million dollars: Grupo Promotor de la Industria de Cannabis

A marijuana plant in a facility in Tepeji del Río (Photo: REUTERS) A marijuana plant in a facility in Tepeji del Río (Photo: REUTERS)

After the approval in general and specifically the decriminalization and regulation of recreational personal use of marijuana in the Senate, it is estimated that the lower house will approve it, and with it, this practice opens the door to a economic spill by 2025 between 8,000 and 10,000 million dollars in Mexico.

According to Erick Ponce, president of the Grupo Promotor de la Industria de Cannabis (GPIC), who was interviewed by Business Insider Mexico, legalization at the national level represents a great opportunity. By getting it, Mexico would be the third out of 50 to get the release of its use.

In addition, at the same time it will generate large sales for its legal consumption, also estimates that job creation will increase.

“You can reach generate between 100,000 to 250,000 jobs directly and indirectly”, Pointed out the representative of the GPIC, before the approval scenario in the Chamber of Deputies.

Between 100,000 and 250,000 jobs can be generated with the legalization of marijuana in Mexico (Photo: Adrián Escandar) Between 100,000 and 250,000 jobs can be generated with the legalization of marijuana in Mexico (Photo: Adrián Escandar)

In this way, the benefit would not be limited to a few, since it would reach the peasants and communities that for now cultivate the plant illegally.

In addition, it predicts that thanks to Mexico’s international trade treaties, the federal decriminalization of self-cultivation and responsible adult use “has the opportunity to become a leader ”in the sale of this plant.

According to the medium, currently there are 50 countries that have legalized the medicinal use of marijuana, and 40 countries have legalized the industrial use of hemp; However, Only Canada and Uruguay have nationally legalized the legal use of the plant.

That way, Mexico would go down in history as the third nation in the world to legalize cannabis throughout its territory.

A man smokes marijuana outside the Mexican Senate building in the cannabis protest garden of the Movimiento Mexicano Cannabico in Mexico City (Photo: REUTERS / Carlos Jasso) A man smokes marijuana outside the Mexican Senate building in the cannabis protest garden of the Movimiento Mexicano Cannabico in Mexico City (Photo: REUTERS / Carlos Jasso)

It should be noted that after the review of a document that . México had access to, it was possible to elucidate that, in the event that San Lázaro approves the Law The consumer will be allowed to carry up to 27 grams of the plant.

This amount should not be greater than 28 grams and never simultaneously with other illicit substances. However, the authorities may not order an investigation or arrest for the aforementioned amount. In addition, possession between 28 and 200 grams will be punished with financial fines, and above 200, even jail.

In addition, it would be established that each citizen can have up to eight cannabis plants at home, which will be for your personal consumption. People who have them must comply with certain measures so as not to invade the privacy of their neighbors or minors.

The initiative states that recreational cannabis consumption clubs may be created. The Ministry of Health (SSa) will regulate them under a registry and operation through the new Institute that will be created, in which it is estimated that they should be integrated by up to 20 members.

Senators celebrated the approval of the recreational use of marijuana (Photo: Cuartoscuro) Senators celebrated the approval of the recreational use of marijuana (Photo: Cuartoscuro)

It should be noted that it will be the Ministry of Health in charge of designing and operating measures to prevent and raise awareness to citizens of the health risks associated with the use of marijuana. And it will also promote the care and rehabilitation of consumers who wish to quit.

Create a multidisciplinary body in charge of evaluate those who use marijuana for personal use and have been referred by the authority, allowing them the right to a hearing and penalizing the conduct.

Will take care of grant, regulate and provide information on licenses for the control of the cultivation, production, transport and commercialization of cannabis and derived products for medical, scientific, therapeutic or cosmetic purposes.

Finally, it will establish regulations for authorization and the granting of permits for domestic cultivation of cannabis for purposes of self-consumption.

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