Mexico moves to create world’s largest legal cannabis market

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New regulation will allow pharmaceutical companies to begin doing medical research on cannabis products. FMTNews Mexico

MEXICO CITY: Mexico’s health ministry on Tuesday published rules to regulate the use of medicinal cannabis, a major step in a broader reform to create the world’s largest legal cannabis market in the Latin American country.

The new medicinal rules state companies which wish to carry out research have to obtain permission from the Mexican health regulator, Cofepris, and this research has to be done in strictly controlled, independent laboratories. The regulation also sets rules for the sowing, cultivation and harvesting of cannabis for medicinal purposes, which would allow businesses to grow marijuana legally on Mexican soil.

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