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| MJNA Sub HempMeds Opens Office in Mexico with Leading Advocate |
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 Hot Stock to Watch |
Company: Medical Marijuana, Inc. (Pink Sheets: MJNA)
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Last:
Price: 0.1013
Change (%): + 0.0004 (0.42)
Volume: 1,965,583 |
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HempMeds Opens Office in Mexico with Leading Advocate - CFN Media
SEATTLE, WA-(Marketwired - Jul 10, 2017) - CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article on Medical Marijuana Inc.’s (OTC PINK: MJNA) new HempMeds® office in Mexico and why it’s a significant development for the company.
Mexico’s Progressive Stance
Mexico has been historically opposed to marijuana legalization thanks to the United States’ War on Drugs since the 1970s. Since the 1990s, Mexican drug cartels have grown in power following the demise of the Colombian Cali and Medellin cartels. Analysts estimate that wholesale earnings from illicit drug sales range from 13.6 billion dollars to 49.4 billion dollars each year, which is on par with multinational tobacco companies that earn about 30 billion dollars per year.
After many US states began taking a more progressive approach by legalizing marijuana, Mexico’s Senate passed a bill legalizing medical marijuana in December 2016. The country’s lower house in parliament followed suit by passing the bill in late-April with an overwhelming 374-7 vote. President Enrique Pena Nieto officially signed the bill into law last month, which makes medical marijuana available and legal throughout the country.
The Health Ministry will now be tasked with creating regulations around the use of medical marijuana, including the production of cannabinoid-based pharmaceuticals. In the meantime, consumers will be permitted to legally purchase cannabinoid products that contain 1% or less tetrahydrocannabinol (THC), while companies will be permitted to cultivate cannabis for medical and scientific purposes without being punished by law.
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