Let’s talk about why Mexico decided to legalize cannabis in a country that has had strong laws against it for over 100-years.
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Good morning, good afternoon or good evening, depending on when you are turning in. My name is Jonathan Torres at Herrera and you are watching or listening to The JTH Show today. Let’s talk about Mexico legalizes cannabis. It is a very interesting topic. Trust me, but at first
All right. And as always remember, you can catch this episode or any other episode on Spotify and Apple podcasts, Google podcasts, or radio public. And then for those of you guys are a real listening on any of those platforms. Thank you very much. It really helps us Show you know, what else helps to show is if you take about two seconds who smashed the light by not any other platforms that you might be watching or listening on, if they have one, especially here on YouTube, you know, over the past a, probably a month or so, when I felt like I was making some, some great strides and everything, it all of a sudden, and I asked my Instagram, if you guys don’t know this, I used to have the app JTH Show Instagram, all of a sudden gone, locked out, no formal. And you know, FYI, you know, email from Instagram, just gone.
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Standing here, we’re sitting here rather, you know, talking to you guys, the Community who, who kinda makes us stronger, you know, by interacting with us. So if you don’t mind ringing the notification on this, even if you are a data maybe on ringing and ringing again, I don’t know, let me know. But without further ado, let’s jump into the first story. And that is a, Mexico actually the only story today. Mexico Legalize as cannabis.
1 (2m 14s):
0 (2m 15s):
This one is something that most people, right. We’ll read the headline, right? Like the one coming out of the economists.com, right? Where they say things like a cannabis has been illegal and Mexico for almost a century. And your reform has now made the drug legal for recreational use only a nationwide. And again, people might read that in your, like a tea, but really you’re going to take, you know, 10, 15 minutes to talk about this being, you know, a pot being legalized. If anything, then you think is a little late, if anything, and then it should be ashamed that, that it is a late into the game of, of legalizing pot. You know, I’m a big pot smoker.
0 (2m 56s):
I have smoked pot in the past, but nothing that I use regularly, not even, probably at this point once a year, but I am also not someone that says, Oh, it shouldn’t be illegal. Right? Whatever, man, I had tried it, you know, have you been in a position to where I tried it and I had seen other people, you know, smoke pot. I don’t feel that it’s something that needs to be illegal. Of course it shouldn’t, it shouldn’t be legal for everybody. I think there are some people that do not need a, any type of a substance that will impair their judgment. Right. Cause a lot of people already have really shitty judgment as it is. So even a beer, right. It could be a bad choice for them, but taking those, those outliers to the side and really talking about just in general pot.
0 (3m 45s):
Yes. I think it should be legal. I think it should be legal, you know, worldwide to be quite Frank. I think there should be some type of regulation. I think there should be some type of some type of government government benefit from regulating it. And for making sure that, you know, people don’t do what they often do, which is get out of hand with, with shit that they’re given. But here’s the thing it’s like a catch 22 at the same time pod has been illegal for, for most countries for so long. Like again, like I just read here for according to the economists in Mexico for almost a century that there are many organizations, right. Cartels included that have made a, a, a living of, of working in the black market with, with cannabis.
0 (4m 32s):
Right. Why when selling M J and what happens is that you’re going to have many people that are going to be pretty pissed off, right? Because, well, again, the, you are messing with their money, right. You know what their stacks like some se, and I think a lot of people are going to be in harms way. Why there has been stories that covered it before, where you have, you know, like things in Oregon, right. Where now everything’s legal. But in that same video, I covered that there was an incident where, you know, a family was pretty much wiped out a small family of immigrants because apparently it look like it was maybe competition.
0 (5m 14s):
And in California, by the way, this is where this happened. And California is one of the first States that legalized marijuana. And again, just because the government says, Oh, you can’t do it now under our watchful eye. It doesn’t mean that people that were here before it was Legalize agree. Right. For many of them, again, you’re messing what their money, what their wellbeing. And even though they know that they pay a lot of money to get things smuggled across, or again, a work in the, in the underlinings of the black market. They’re like, Hey, we figured it out. Don’t worry about it. I feel that there’s going to be a lot of people that are going to come out on the other hand and try to do this business a legal way.
0 (5m 59s):
And there are still going to get pressed by right, by a lot of either cartels or gang members that are going to try to collect what some of you guys might know him. For those of you guys. I don’t, I’ll tell you right now, <inaudible> right where they say, Hey, we’re going to protect your business. And yeah, for that, it’s just a small fee of whatever amount they want. And every month, by the way, you can go up. And then if you refuse to like, Oh, it’s a shame. You know, we, we were hate for the bad people and totally not ran by us as well to come here. And like, you know, maybe kill you, your family, or maybe just burn your business down, you know? And it sucks, right? Because again, this whole legalization, while I still think as it could be ultimately ultimately in the long run, a positive, it’s going to have some nasty side effects of legalizing.
0 (6m 52s):
I think there’s going to be a lot of hurdles to cross for, for people in Mexico that are going to say, Hey, wow, great. I’m going to go buy it from this dispensary. Now that is totally illegal. But then you’re going to have people saying, ah, nah, we don’t want you to go by their seat. You still got to go by, you know, you know, in the house and the alley, even though it may be two or three times more expensive, don’t worry about it. You better buy from us or else. Right. So Show like that, that I think that is going to happen with, with the industry as it Legalize is more and more things. By the way, again, you have Oregon who here in the U S ed, you know what? Just Legalize everything like I see you guys.
0 (7m 33s):
I see a DC. I believe it was a DC legalizing, you know, mushrooms and California. I see a weed and I raised through everything. So it was, it was, it is a very interesting, I also found here from the MJ biz daily, some, some interesting bullet points, things like Canada’s legalization, bill was oriented towards a public health outcome. Mexico is a legalization bill. And the other hand is strongly orientated around the right to free development of the personality, social justice, and to recover peace ERG Why has moved to Legalize had a strong focus on public safety health, a public health and human rights after the law is approved.
0 (8m 20s):
And before any cells can take place, a cannabis agency must be a salvage, any secondary rules written again for what’s happening in Mexico. The actual version of the bill doesn’t regulate medical cannabis, only recreational marijuana and industrial hemp. Alright, so it’s again, it’s all very interesting. I’m more interested to find out if, if there’s going to be a true economic impact, right? Like an example, Wikipedia says that in a legally regulated market, it could help bring, or at least 1.2 billion in tax revenues. Yes. I understand these are us numbers and it’s very different. It’s speak about dollars than Bezos, but still I’m pretty sure if it’s, if it’s anything like in the U S it’s going to be some Pretty tax.
0 (9m 7s):
I’m sorry. So I’m a pretty good tax revenues for Mexico. In addition, the article says to, to revenue from sales that could also save over 200 million in law enforcement costs such as arrest and imprisonment. Right. Which by the way, I understand it’s also a big costs for not only the us, but Mexico when it comes to having to arrest someone, you know, and, and prosecute them. Even if you tell me, Jonathan, there’s usually like more leaders involved, even then, there’s still a lot of patrol there has to happen. Or again, police law enforcement activity, which usually involves in a more costs over time in anything, right.
0 (9m 47s):
Just to get these officers trained up to, Hey, arrest people for pot and prosecute them or, or, or a process them or whatever. So either way, I think that is going to hold also true in Mexico when it comes to having law enforcement say, man, that’s legal walk away, you know, get out of here. So it’ll, it’ll be very, very interesting to find out, you know, what the true impact of this will be right when it comes to, long-term not short-term short-term I already kinda said what I think about it, but long-term right. And a yang I’m more interested in knowing how many people will take advantage of this. Right. Because as much as I think the U S has a big consumption right. Of substances, I think that Mexico Mexico being in a neighboring country, a hazard as well.
0 (10m 31s):
I know for sure what it was a pot, right? You have a, a lot of people that, that use it for many things, right. Not only recreationally, but you know, medicinally that they use it, you know, and rubs that some kind of alcohol rubs, I’ve seen it a cream. So people that are believers in marijuana there, and they used it for many, many things. And I think that I am interested in the scene, what the potential out of this will be beyond just the, the ones and zeros. So that is it for today. Guys. I appreciate you guys tuning in and as always I’m thank you. And until next time, see ya. Hey, thanks for watching. The JTH Show remember, you can catch all the episodes full episodes on Spotify, Apple podcasts, Google podcasts, or radio public.
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1 (11m 38s):
I used to watch it.