2021 might be the year when Mexico becomes the largest country in the world to legalize cannabis. That’s good news for millions of Mexicans. Legalization could help quell the nation’s narco-violence and open opportunities for startup companies both at home and abroad.

While Mexico opens opportunities at home and abroad, US companies remain restricted by federal prohibition.

At the same time, Mexican legalization could put US cannabis companies even further behind in the race to expand into the emerging global cannabis market.

After a landmark Supreme Court decision in Oct. 2018 that declared cannabis prohibition unconstitutional, changes to Mexico’s marijuana laws have proceeded at a markedly slow and incremental pace.

That pace is likely to…

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