IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.07▼ 0.02% USD/MXN17.31▼ 0.03% USD/CLP 930.47 — 0.00% USD/COP3,148▼ 1.70% USD/PEN3.39▼ 0.06% USD/ARS1,485▼ 0.03% USD/UYU 40.20 — 0.00% USD/PYG 5,931 — 0.00% USD/BOB 12.10 — 0.00% USD/DOP57.80▼ 0.33% USD/CRC 448.40 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.76 — 0.00% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.19% USD/TTD6.72— 0.00% EUR/BRL5.85▲ 0.07% BRENT 90.12 ▲ 1.22% WTI 79.79 ▼ 5.76% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.55% GOLD 4,122 ▲ 1.79% SILVER 58.43 ▲ 1.46% SOY 1,182 ▲ 0.87% CORN 460.50 ▲ 4.48% WHEAT 636.00 ▼ 0.51% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% 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4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 62,868 ▼ 0.97% ETH 1,859 ▼ 1.26% SOL 72.94 ▼ 0.69% XRP 1.07 ▼ 1.23% BNB 583.61 ▼ 0.67% ADA 0.19 ▼ 1.40% DOGE 0.07 ▼ 1.13% AVAX 6.42 ▼ 1.86% LINK 8.27 ▼ 1.23% DOT 0.79 ▼ 0.85% LTC 44.43 ▼ 0.46% BCH 210.74 ▼ 0.84% TRX 0.33 ▼ 0.16% XLM 0.17 ▼ 1.44% HBAR 0.07 ▼ 0.86% NEAR 1.71 ▼ 0.15% ATOM 1.26 ▼ 0.23% AAVE 91.78 ▼ 0.24% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71%
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Latin America Mexico

Mexico decriminalizes recreational marijuana consumption but not its commercialization

By · June 28, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – After the failure of the Mexican Congress to regulate recreational cannabis, the Supreme Court of Justice approved this Monday a historic ruling that lifts the prohibition of recreational marijuana self-consumption in Mexico. However, it does not endorse its commercialization.

“Today is a historic day for freedoms. After a long road, this Supreme Court consolidates the right to the free development of personality for the recreational use of marijuana,” declared the High Court president, Arturo Zaldívar, after the vote.

Mexico decriminalizes recreational marijuana consumption but not its commercialization
Mexico decriminalizes recreational marijuana consumption but not its commercialization. (Photo internet reproduction)
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The declaration of unconstitutionality was supported by eight of the eleven magistrates of the Supreme Court in general and by nine in the specifications, thus reaching in both cases the qualified majority to annul the five articles of the General Health Law that prevent recreational consumption.

PERMITS FOR PRIVATE CONSUMPTION

With the publication of the declaration in the Official Gazette of the Federation (DOF), Mexicans will be able to request permits to privately consume, cultivate and carry marijuana before the Federal Commission for the Protection against Health Risks (Cofepris), which belongs to the Ministry of Health.

The Court ordered Cofepris to design the guidelines to obtain these permits and acquire the seeds’ modalities.

Judge Norma Lucía Piña, who was the project’s rapporteur, clarified that consumption will only be authorized for adults and that smoking will not be allowed in public spaces, in front of minors, or in any place where third parties will be affected.

Until now, Mexico only contemplated the medicinal use of marijuana, while recreational consumption was limited to those who filed a judicial injunction.

Read also: Check out our extensive coverage on Mexico

Although the session of the magistrates was telematic, members of the Mexican Cannabis Movement stood in front of the Supreme Court to demand the end of the prohibition after a year and a half camped out in front of the Senate demanding legalization.

Pepe Rivera, a spokesman for the collective, celebrated the declaration because until now, the amparos had “individual effects” for those who could pay for the judicial process. At the same time, Monday’s ruling will serve “all citizens”.

He said that the Supreme Court’s decision “immediately fulfills the four demands of the Cannabis Movement”, which are non-profit consumption, possession, dignified treatment, and safe consumption spaces.

COMMERCIALIZATION IS STILL PROHIBITED

During the session of the highest court, Judge Piña stressed that as long as Congress does not legislate on the matter, “in no case is it authorized to import, trade or supply” marijuana.

This frustrates, for now, the aspirations of many business people who, like former President Vicente Fox (2000-2006), see in Mexico an enormous potential to create the largest legal marijuana market in the world.

According to a report by Endeavor, Mexico is the world’s second-largest cannabis producer, with up to 27,000 tons annually. At the same time, the Latin American Cannabis Alliance (Alcan) estimates that this plant’s medicinal and recreational industry would generate more than 22 billion dollars in four years.

A LONG AND TORTUOUS ROAD

The highest court decision came after a long and tortuous road that ended a century of the absolute prohibition of marijuana in the country.

After several injunctions from marijuana consumers, the Supreme Court deemed the prohibition unconstitutional for violating “the free development of personality” and ordered Congress in 2019 to regulate the matter.

After the first two deadlines granted by the Court expired, the Senate approved on November 19 last year a first version of the law. Still, on March 10, it was modified by the Chamber of Deputies and returned to the Senate, which let the final deadline of April 30 pass without ratifying it.

The ruling sought to make Mexico the third country in the Americas to legalize recreational marijuana at the national level, after Uruguay and Canada.

It allowed carrying up to a maximum of 28 grams of cannabis and provided for a system of licenses to grow up to eight plants at home, found smokers’ associations, and produced and sold marijuana and industrial hemp.

However, consumer associations criticized that the text continued criminalizing consumption by establishing fines and prison sentences for exceeding the permitted amounts.

During the debate in Congress, several legislators defended that legalization would be a blow to organized crime, although experts doubt these effects since drug trafficking is already highly diversified.

Since the beginning of 2021, and after several years of delays following its legalization in Congress, Mexico has regulated the use, sale, and distribution of medical marijuana. Now is added this important advance for recreational use.

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