MexicoExPrezVincenteFoxImageBeckDiefenbachSFChronicle

Vicente Fox says Mexico, Canada could eclipse U.S. in weed business

Former Mexican President Vicente Fox put domestic cannabis industry leaders on notice Tuesday at a marijuana business conference in Oakland that his nation and Canada intend to take the lead in the booming market for medical and recreational pot exports.

Fox told attendees at the National Cannabis Industry Association’s convention that Mexico could one day produce 60 percent of the legal marijuana Americans consume, challenging domestic producers.

Both Mexico and Canada have legalized medical marijuana nationally and intend to begin exporting the drug, a legal activity under international law.

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