The United States is feeling some North American peer pressure to get in on the cannabis boom
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Yet legalization on the federal level in America could open lucrative trade corridors to Canada and beyond the North American market. Blumenauer chairs the House Ways and Means Committee's trade panel, a platform he says he can use to further the marijuana legalization effort. The bill López Obrador’s party submitted last year would legalize the growth, sale and consumption of marijuana for recreational use. It has not yet been debated in Mexico’s Senate or Chamber of Deputies, but that could change when lawmakers return from recess in September.The U.S. could become the missing link in North American legalization efforts, but that hasn't stopped marijuana companies from making major plays to position themselves for a future continental takeover.
Former Republican House Speaker John Boehner, once an opponent of legalization, now sits on Acreage's board, highlighting the potential for the cannabis industry's economic promise to help shift people's views.
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