It was only three months ago that Uruguay gave the green light for pharmacies to sell recreational marijuana, but now it looks like the country’s budding hemp crop is going to expand as well.
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On Oct. 19, 2017, the Congress of Peru voted overwhelmingly to approve a law that legalizes the import, production and sale of medical cannabis oil in the country.
Two months ago Uruguay became the world’s first country to legalise the production and sale of marijuana throughout the entire country. Now, Uruguay’s legal marijuana businesses are facing major challenges from banks throughout the country.
On Sept. 13, 2017, Juan Andrés Roballo, head of Uruguay’s National Drug Board, announced in a press conference that the country is establishing new cannabis retail stores dedicated to cash-only sales of cannabis because most banks are refusing to work with pharmacies involved in the country’s legal cannabis industry.
The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow international financial laws.
WASHINGTON, July 19, 2017 /Weed Wire/ — Today, Uruguay will begin sales of legal marijuana for adult residents. The marijuana legalization proposal was put forward by former President José Mujica in 2012 as part of a comprehensive package aimed at improving public safety.
With Uruguay becoming the first country in the world to regulate recreational cannabis production and sales, Uruguayan pharmacies are playing a critical role in world cannabis history.
WASHINGTON, July 14, 2017 /Weed Wire/ — Next week, Uruguay will begin sales of legal marijuana for adult residents. The marijuana legalization proposal was put forward by former President José Mujica in 2012 as part of a comprehensive package aimed at improving public safety.
LOS ANGELES, May 25, 2017 /Weed Wire/ — Agritek Holdings, Inc. (OTCQB: AGTK) (www.AgritekHoldings.com) today announced that the Company has executed a land purchase agreement to purchase a “420 Style” resort and estate property approximately one hour outside of Quebec City, Canada.
On May 2, 2017, Uruguay’s National Drug Board announced that it had opened its cannabis registry system, commencing the process of Uruguay registering adults for its recreational cannabis program and making the country the first in the world to have a government-run recreational program.
On April 6, 2017, Uruguay’s three-year legalization journey hit a pivotal milestone. The Uruguayan government officially gave the okay for pharmacies throughout the country to begin selling recreational marijuana starting in July.
A justice on the Brazilian Supreme Court has called for the legalization of marijuana and even harder drugs as a means to ending violence among drug gangs, according to a Feb. 10, 2017, article from Reuters. The justice, Roberto Barroso, is a constitutional law professor who was educated at Yale University in the United States.
On Nov. 30, 2016, Anne McLellan and Dr. Mark Ware, the chair and vice chair of Canada’s Task Force on Cannabis Legalization and Regulation, announced that their task force had completed its work and would soon deliver its report to the government.
MONTEVIDEO, Uruguay (AP) — Uruguay is home to the world’s first government-regulated national marketplace for pot, so it’s not surprising that growers have a competition for best marijuana.
Latin America is being transformed from the bloody fields of the drug war to a place where the growth of medical and recreational marijuana is potentially becoming a major development crop.
Montevideo, Jun 1 (EFE).– Special soil, humidity gauges, pruning shears and books on growing cannabis are among the items in demand in Uruguay a year after the regulations for producing and marketing marijuana under government control took effect.
The United States cannabis market is, in a word, complicated. As opportunity expands and legislation eases, the states are divided on how to move forward.
The nation of Uruguay legalized marijuana around the same time that Colorado and Washington State did, but the picture there is much different.
Today, investors received the first look at the US GDP for the 3rd quarter, a key measurement of the U.S. economy. The headline number came in at a 3.5% annualized growth, which follows a nicely positive 2nd quarter of 4.6%.
Uruguay doesn’t want marijuana tourists flocking to its shores for cheap pot. Instead, the small South American nation hopes that its status as the only country to fully regulate the cannabis industry will turn it into a magnet for investment in medical and other applications of the plant.
On May 6, 2014, President Jose Mujica led Uruguay to become the first country to declare cannabis legal within a framework of regulations that makes policies in Washington and Colorado seem like something dreamed up at pot parties. Every Uruguayan consumer must register to remain within the system, and choose one of three ways to access their cannabis.