MEXICO CITY — Mexican and foreign companies are lining up for a share of what experts say is likely to become one of the world’s biggest legal marijuana markets, worth billions of dollars.
Mexican lawmakers are close to approving legalization that is expected to catapult the country’s regulated cannabis trade past that of pioneers like Uruguay and Canada, whose populations are much smaller.
“Mexico is positioning itself as the biggest market in the world at the country level, ahead of the United States and Canada,” said Erick Ponce, president of the Cannabis Industry Promotion Group.
“There’s room for everyone,” said Ponce, whose organization includes 25 Mexican and …
Keep on reading: Mexico prepares for legal marijuana gold rush