Former president of Mexico, Vicente Fox Quesada, was featured on a CNBC segment of Squawk Box. In the interview, Fox discussed the new trade deal between Mexico, the US and Canada, the border dispute between his country and its northern neighbor and the growing cannabis industry.
In addressing the cannabis industry, Fox suggested that the cannabis industry is facing increasing growth across Latin America. “The wave is expanding, the investment is flowing, and the growth is forecasted very high,” he said. He spoke to the upcoming legalization in Mexico, which is expected to open both the medical and recreational markets within the next few months.
He also proffered his view on how the US might benefit from legalizing cannabis at the federal level, suggesting that the country would benefit from returns on investment, as seen in Colombia and Canada.
Fox is also playing a role in the industry as a director to Khiron Life Sciences Corp. (TSXV:KHRN), a vertically-integrated cannabis company developing operations in Colombia, Mexico, and other markets in the Latin American region. In speaking about the company, he discussed how it is focused on the medical industry, developing products and systems that can address the patient. The company is investing funds into research and development in the space.
To watch the full interview, click here.