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In a major step for Mexico, the country's Chamber of Deputies legalized medical marijuana with a bill passed on Friday, April 28th. This bill was passed by the country's Senate back in December, and now awaits the signature of President Enrique Pena Nieto.
"The ruling eliminates the prohibition and criminalization of acts related to the medicinal use of marijuana and its scientific research, and those relating to the production and distribution of the plant for these purposes," Reuters reported.
This news was welcomed by Dr. Stuart Titus, the CEO of Medical Marijuana Inc. (OTC:MJNA), in a statement made earlier today saying that MJNA is " looking forward to the opportunity to assist an increasing number of citizens that suffer from unsuccessfully treated, debilitating medical conditions."
In 2016, Medical Marijuana Inc.'s CBD hemp oil product became the first medicinal cannabis product to be accepted by Mexico as a prescription medicine. The medicine was approved for import to Mexico on February 2, 2016 by Mexico's Federal Commission for the Protection against Sanitary Risk.
Until this recent legislation, "the government remained staunchly opposed to products with even trace amounts of tetrahydrocannabinol (THC) in them." As we know, CBD is not the only cannabinoid with medical benefits. From pain relief to PTSD, THC is medicinally beneficial to many different symptoms and conditions.
Since this bill only affects medical marijuana, Mexico will still need to do a lot more to combat the illegal recreational marijuana trade by the cartels. Regardless of the bill's impact on drug crimes, the real benefits are for those suffering from serious illnesses and ailments.