Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis and consumer packaged goods (CPG) company. The Company delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space. Its CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and vaporizer technology made in Germany by Storz & Bickel. The principal activities of the... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > WEED in Mexico
View:
Post by OptGreen on Jun 29, 2021 4:10pm

WEED in Mexico

Mexico president floats referendum option on recreational marijuana after court says to legalize

2 hours ago by Thomson Reuters
Companies Mentioned: WEEDTGODKHRNMJNA
 

By Raul Cortes

MEXICO CITY, June 29 (Reuters) - Mexico's President Andres Manuel Lopez Obrador said on Tuesday he will respect a court ruling telling the government and lawmakers to legalize recreational marijuana use for now, but opened the door to convening a public referendum on the issue.

The Supreme Court ruling on Monday brings Mexico closer to creating one of the world's largest legal cannabis markets and pressures the Mexican Senate to approve the sweeping legalization bill that has been stalled there since the Lower House of Congress approved it in March.

"Of course we're going to respect what the court has decided and we're going to evaluate. We're going to see what effects it has," Lopez Obrador said at a regular news conference in response to a question about the Supreme Court's decision.

However, Lopez Obrador acknowledged "there are two views" on the legal weed issue, including in his cabinet, and said his government was evaluating the best path forward.

"If we see ... that it's not working to address the serious problem of drug addiction, that it's not working to stop violence, then we would act," the president said, suggesting he could send a new bill to Congress or push for a public referendum.

Lopez Obrador has in the past used referendums to decide thorny policy issues. On Tuesday he again laid out the argument for such "participative democracy" in the context of the cannabis debate.

His comments were not decisive however, and he did not explicitly say he was leaning toward such a solution.

Colombian-Canadian Khiron Life Sciences, Canada's Canopy Growth and The Green Organic Dutchman , as well as Medical Marijuana, Inc. from California, are among the firms eyeing opportunities in Mexico.

The court ruling removes a legal obstacle for the health ministry to authorize activities related to consuming cannabis for recreational purposes, and was the final step in a drawn-out legal battle to declare unconstitutional a prohibition on non-medical or scientific use of marijuana and its main active ingredient THC.

Lopez Obrador said he will instruct health regulator Cofepris to comply with the ruling to authorize activities related to the cultivation, transformation, sale, research and export or import of marijuana. (Reporting by Raul Cortes Fernandez; Writing by Anthony Esposito; Editing by Bill Berkrot)

Mexico president floats referendum option on recreational marijuana after court says to legalize

2 hours ago by Thomson Reuters
Companies Mentioned: WEEDTGODKHRNMJNA
 

By Raul Cortes

MEXICO CITY, June 29 (Reuters) - Mexico's President Andres Manuel Lopez Obrador said on Tuesday he will respect a court ruling telling the government and lawmakers to legalize recreational marijuana use for now, but opened the door to convening a public referendum on the issue.

The Supreme Court ruling on Monday brings Mexico closer to creating one of the world's largest legal cannabis markets and pressures the Mexican Senate to approve the sweeping legalization bill that has been stalled there since the Lower House of Congress approved it in March.

"Of course we're going to respect what the court has decided and we're going to evaluate. We're going to see what effects it has," Lopez Obrador said at a regular news conference in response to a question about the Supreme Court's decision.

However, Lopez Obrador acknowledged "there are two views" on the legal weed issue, including in his cabinet, and said his government was evaluating the best path forward.

"If we see ... that it's not working to address the serious problem of drug addiction, that it's not working to stop violence, then we would act," the president said, suggesting he could send a new bill to Congress or push for a public referendum.

Lopez Obrador has in the past used referendums to decide thorny policy issues. On Tuesday he again laid out the argument for such "participative democracy" in the context of the cannabis debate.

His comments were not decisive however, and he did not explicitly say he was leaning toward such a solution.

Colombian-Canadian Khiron Life Sciences, Canada's Canopy Growth and The Green Organic Dutchman , as well as Medical Marijuana, Inc. from California, are among the firms eyeing opportunities in Mexico.

The court ruling removes a legal obstacle for the health ministry to authorize activities related to consuming cannabis for recreational purposes, and was the final step in a drawn-out legal battle to declare unconstitutional a prohibition on non-medical or scientific use of marijuana and its main active ingredient THC.

Lopez Obrador said he will instruct health regulator Cofepris to comply with the ruling to authorize activities related to the cultivation, transformation, sale, research and export or import of marijuana. (Reporting by Raul Cortes Fernandez; Writing by Anthony Esposito; Editing by Bill Berkrot)

Comment by quinlash on Jun 29, 2021 6:25pm
Once Mexico is legalized (officially or otherwise) it's going to put more pressure on the US to Federally legalize as well considering it will have a country on both borders with legal cannabis JMHO Q
Comment by OptGreen on Jun 29, 2021 8:50pm
It won't make much difference quin, with most all states with legal med and many with legal rec now and more coming by the day, whether they legalize or decriminalize federally...Supreme Ct Justice Thomas, a republican, figures it is pretty well there now as it is, an interesting read. The expansion by CGC, in the billions when all said and done, isn't  just hatched  on a wing ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities