While he may not have advocated for the legalization of cannabis during his presidency, former president of Mexico, Vicente Fox, has become a proponent for a regulated market in the Latin American country. Fox, who now sits on the board of medical cannabis company Khiron Life Sciences (TSXV:KHRN), is using his post-presidential platform to educate audiences on how legalization could bolster Mexico’s economy and tackle the cannabis black market.
In a recent interview published by Forbes, Fox spoke about Mexico’s potential, referring to its growing medical industry, where Khiron is preparing to roll out its patient-focused products. He believes that Mexico will be the third country to legalize adult-use cannabis at the federal level, following Uruguay and Canada. He believes that this is a prime time for investors to focus on this emerging market and the companies that are involved in it.
“It’s also important for investors to understand that the cannabis industry has high return rates for the time being, especially in emerging markets. So, cannabis investments in Mexico can be recuperated much faster than usual,” he said in the interview. “We still have 5 to 10 years of high profitability still ahead of us.”
To read the full interview, click here.