Mexico's Cannabis Legalization Addresses Several National Woes, While Creating Opportunity

After several extended deadline extensions, Mexican lawmakers seem on course to legalize adult-use cannabis in the coming weeks.

The most recent indication comes from MORENA Senate majority leader Ricardo Monreal, who says the bill would pass by the end of October and before the Dec. 15 deadline.

Projections expect Mexico to be the most lucrative legalized market, bolstering the nation's economy.

Passing adult-use legislation is also expected to diminish the cartels' long-running, lucrative narcotics arm. That's just one of many benefits Mexico hopes to gain from expanding cannabis access.