Mexico to legalize marijuana-based product sales next year

Reuters  |  MEXICO CITY 

CITY (Reuters) - will legalize sales of marijuana-based medicines, foods, drinks, cosmetics and other products early next year, its regulator said on Wednesday, bringing some forms of into legal commerce even as the country struggles with the illicit trade.

legalized the use of marijuana for medical and scientific needs in June but has maintained a ban on recreational use and cultivation.

Arturo Tornel, for regulator Cofepris, said that the agency plans to formally publish the regulation for pot-based goods within days, allowing those items to enter the market as soon as a month later.

He added that Cofepris expects distributors and retailers to import the items, with some companies eventually producing items in using marijuana grown abroad. The regulation does not apply to sales of pure marijuana.

Legalization has stirred debate as grapples to curb trafficking, a major income source for the violent cartels that have killed 140,000 people in over the past decade.

Mexican cartels still make millions of dollars from smuggling marijuana into the United States, despite the trend toward legalization north of the border.

Argentina, Chile, Colombia, and have also legalized medical marijuana, and blazed a trail in 2013 by becoming the first country to allow the commercial cultivation and distribution of weed.

Recreational marijuana is still broadly prohibited in Mexico, but in 2015 the granted four people the right to grow their own marijuana for personal consumption, opening the door to legalization.

(Reporting by and Noe Torres; Writing by Daina Beth Solomon; Editing by Cynthia Osterman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 21 2017. 06:14 IST