Marijuana Inc. eyes Mexico as drug liberalisation looms


  • World
  • Wednesday, 20 Jan 2016

A man smokes a joint as another uses a water bottle bong during a rally to hand out information and collect signatures for marijuana legalization, outside the Senate building in Mexico City, in this January 22, 2014, file photo. REUTERS/Tomas Bravo/Files

MEXICO CITY (Reuters) - Many top companies cashing in on legal cannabis are considering a bet on Mexico after a Supreme Court decision raised hopes for a legalisation of medical and recreational marijuana in a country reeling from years of gruesome drug violence.

From medical marijuana growers to pot private equity firms, many weed entrepreneurs see Mexico as a tempting new business opportunity even though cannabis is still illegal and the market is currently controlled by ruthless drug cartels.

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