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Bullboard - Stock Discussion Forum RIV Capital Inc CNPOF


Primary Symbol: C.RIV

RIV Capital Inc. is a Canada-based acquisition and investment company. The Company is focused on the United States (U.S.) cannabis market by acquiring, investing in, and developing operators and brands to create a multistate platform. The Company is a direct parent company of RIV Capital US Corporation and RIV Capital Corporation and exercises financial control over Etain, LLC. Through its... see more

CSE:RIV - Post Discussion

RIV Capital Inc > Reviewing today
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Post by prone on Mar 09, 2021 10:37am

Reviewing today

Mexico's landmark cannabis bill one step closer to becoming law

10 hours ago by Thomson Reuters
 

MEXICO CITY, March 8 (Reuters) - Two special committees of Mexico's Lower House of Congress late on Monday

-->approved a draft bill to decriminalize marijuana and sent it on to the full chamber, bringing it a step closer to creating one of the world's largest markets for the drug.

The bill, backed by the administration of President Andres Manuel Lopez Obrador, would mark a major shift in a country bedeviled for years by violence between feuding drug cartels.

The health and justice committees approved the bill, which easily passed the Senate in a vote in November and would create a huge new legal market for marijuana that companies are eager to tap.

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

The full chamber of the Lower House is scheduled

-->to discuss the bill on Tuesday, two congressional sources told Reuters.

The bill would create the Mexican Institute for the Regulation and Control of Cannabis, which will issue five types of licenses for the cultivation, transformation, sale, research and export or import of marijuana.

Only people 18 years and older, and with a permit, may grow, carry or consume marijuana and its derivatives, according to the bill, which Lopez Obrador's ruling MORENA party proposed. MORENA has a majority in both chambers of Congress.

Lopez Obrador has argued that decriminalizing cannabis and other narcotics could help combat Mexico's powerful drug cartels.

(Reporting by Diego Ore; Additional reporting by Sharay Angulo; Writing by Anthony Esposito. Editing by Gerry Doyle)

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