The lower chamber of Mexico's legislature voted to legalize, paving the way for the world's largest REC market.
- While the bill’s merits for good governance and the country’s economy are disputed, legalization presents a significant business opportunity for domestic and international firms.
- I spoke to Emily Paxhia, managing partner at investment firm Poseidon Asset Management, about what to expect as the Mexican industry revs up.
- In a week which brought big news that MSO Curaleaf is expanding into Europe, Mexico is a very different situation. “Europe is a smaller market and we have to think very sensibly about the cost to manufacture and distribute.” Paxhia said. “I'm very interested in Latin America [Columbia and Mexico in particular] and how they can contribute to the global supply chain.”
Meanwhile, Politico suggests being sandwiched by legal countries will increase pressure on President Biden to follow suit. Unlike most prominent Democrats, he has not endorsed legalization.