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Adding Cannabis To NAFTA 'Would Be A Death Sentence For Many American Marijuana Businesses'

Former Mexican President Vicente Fox recently pitched the idea of including cannabis in the new NAFTA deal, but many members of the marijuana market say that move would be disastrous for America's interests in the burgeoning industry.

"I think it should be part of NAFTA and that's what I'm pursuing," Fox said yesterday. But that proposal isn't likely to go anywhere. Cannabis is still federally prohibited in the US after all. And he probably already knows that, according to Leslie Bocskor. The president of the medical marijuana advisory service Electrum Partners says Fox's move is more about getting the ball rolling for future trade talks involving cannabis.

"President Fox knows that the Trump Administration will never add cannabis to NAFTA at this time," Bocskor told Huffington Post. "However, he does know that the timing to have this conversation for the first time is now."

But some members of the marijuana industry would rather drop the subject altogether.

"Small cultivators and manufacturers are struggling enough with California's excessive regulation and constantly changing legal framework," said Lex Corwin - Founder of the LA-based cannabis producer Stone Road Farms. "If we add foreign-grown, low-cost marijuana to the equation, it would be a death sentence for many American marijuana businesses and the tens of thousands of well-paying jobs this industry provides."

That might be an overstatement though. Kenny Morrison - president of the California Cannabis Manufacturers Association - believes that America's high-quality cannabis would continue to have a market, but businesses would need to look at the trend of outsourcing other agricultural products to see what would happen to the industry.

"There will always be a market for California craft cannabis, but could Mexico disrupt it to a large degree? Yes. It happened to kale, why not cannabis?"

So, while there doesn't seem to be much of a chance of legal Mexican weed coming to the US anytime soon, it uproot the fledgling industry if it does in the near future.


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