The Mexican Senate’s board of directors says cannabis regulations are still a top priority for Mexico lawmakers.
Last week the President of the Mexican Senate Olga Sánchez Cordero Dávila tweeted that she was ready to move forward with marijuana regulation along with a number of other priorities during the current legislative session. “We will work to approve the initiatives that we have presented in matters of cannabis regulation, notaries, in vitro fertilization, rights of migrants, reproductive health, burials and Mexican nationality,” she wrote.
According to Mugglehead Magazine, Cordero has promised to take up cannabis regulation on a number of occasions in recent weeks. “I have just been informed that even Thailand, in the Asian countries, has already approved the regulation of cannabis,” she said during an interview with the Senate’s communication department. “Of course, already in many other countries they are regulating it, and we do not want to be left behind.”
The marijuana legalization bill is still in its early stages, and lawmakers have yet to present a draft. The law would reportedly make cannabis legal for purchase for adults over 21 without the need of a license to consume. Growing cannabis at home would require a license and each household would be limited to growing eight plants. Companies would be allowed to apply for licenses to cultivate, process, research, commercially sell, export and import cannabis.
Mexico’s Supreme Court decriminalized cannabis in 2021.
Once More For SAFE Banking
The House of Representatives will once again consider an amendment that would allow banks to work with cannabis companies.
Rep. Ed Perlmutter (D-CO) recently filed an amendment to the America COMPETES Act—a bill requesting funding for tech manufacturers developing computer chips amid a national semiconductor shortage—using language from the Secure and Fair Enforcement (SAFE) Banking Act—a bill that would allow banks and financial institutions to take on cannabis companies as clients without fearing federal prosecution.
Perlmutter defended the amendment’s inclusion in an industry bill on Twitter. “I have filed #SAFEBanking as an amendment to #AmericaCOMPETES because cannabis-related businesses—big and small—are in desperate need of access to capital and the banking system in order to operate in an efficient, safe manner and compete in the growing global cannabis marketplace,” tweeted Perlmutter.
NM Hemp Farmer to Appear at SXSW
New Mexico’s favorite hemp farmer will be speaking at the South-by-Southwest (SXSW) conference next month.
New-Mexico-based investigative journalist, humorist, goat herder and author of the best-selling American Hemp Farmer Doug Fine will be speaking during the Climate Change Track at SXSW on March 16 about the regenerative properties of hemp.
Fine’s SXSW appearance will kick off a string of national appearances in 2022 in which he plans to “teach the citizens of Earth how to help heal the planet” with hemp.