Mexico's draft cannabis legalization law would limit foreign investment, ban vertical integration

Mexican lawmakers are moving closer to adopting groundbreaking legislation to establish a federally regulated cannabis industry, a move that would lay the legal foundation for a new industry and make Mexico only the third country in the world to legalize commercial production of adult-use marijuana. The legislation lays out the groundwork to create what would be the largest adult-use marijuana market in the world by population, well ahead of Canada and Uruguay. The proposed law would also legal...