Why wouldn't you buy?, page-10

It looks like Mexico is just about to pop open as a new, partially open, legal, yet regulated market with a big population.

CPH has multiple products either ready to go or in the near term development (foods, drinks, human and animal medicines), along with connections to Latin America.

ASX Announcement 22 March, 2017
Creso Pharma signs commercial agreement in Brazil as part of expansion
into Latin American market

Creso expects first sales of its products in Brazil to occur in 2H2018. This will be quickly followed by sales into other Central/Latin American markets with the related partners.

“This agreement gives Creso entry into Latin America via a strategic partner in the continent’s largest economy, Brazil. Working with Sin Solution gives us access to further key commercial partners in the region and allows us to tap into a vast and fast-growing market, supporting the long-term growth of our business,” said Creso Pharma Group CEO and Co-Founder, Dr. Miriam Halperin Wernli.

Vic Bishop, Staff Writer
Waking Times
As cannabis prohibition slowly winds down in North America, millions of people are able to access many forms of recreational and medicinal marijuana. In September, Canada announced plans to open hundreds or recreational stores, offering its citizens a chance to indulge risk-free in the consumption of a plant.
In 2015, “the Mexican Supreme Court ruled by 4 to 1 that banning the consumption and cultivation of cannabis for personal use violates the human right to free development of one’s personality.” Following this in late 2016, the Mexican Senate voted on a policy change that would make medical cannabis available to those who needed/wanted it, although with the caveat that only products with one percent or less THC would be permitted on the market.
“The historic policy change began last December, when the bill received great support in the Mexican Senate, passing on a 98-7 vote. On April 28, Mexico’s lower house of parliament overwhelmingly approved the bill with an incredible 374-7 vote.

At that point, it was up to the President to officially sign it and turn it into law, which has now happened.” [Source]
Now, the Mexican government has announced that it will allow the sale of certain cannabis products within the next month.
Mexico is set to legalize the sale of marijuana-based products early next year, despite the country’s struggles with the illicit drug trade.

On Wednesday, Mexico’s health regulator announced plans to permit the sale of cannabis-based foods, drinks, medicines and cosmetics in the market.

Arturo Tornel, spokesman for health regulator Cofepris (The Federal Commission for the Protection Against Sanitary Risk), said that the agency plans to formally publish the regulation for marijuana-based goods within the next few days, allowing those items to enter the Mexico market in about a month.” [Source]
The law still does not permit the sale and consumption of raw cannabis and flowers for recreational use, however, in an environment like Mexico which is practically ruled by drug cartels, one has to wonder when this will change.
“Recreational marijuana is still broadly prohibited in Mexico, but in 2015 the Supreme Court granted four people the right to grow their own marijuana for personal consumption, opening the door to legalization.