Uruguay Cannabis Marketplace Experiencing Shortages

Uruguay was the first nation in the world to legalize cannabis for adult use. One year after the market’s launch, however, the country still struggles to meet demand, according to The  Associated Press. Diego Olivera, head of Uruguay’s National Drugs Council, said it’s been almost a year since the legal market launched and it has involved […]

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Report: Uruguayan Legal Cannabis Model ‘Pioneering’ but Not Perfect

According to a Brookings Institute report, Uruguay’s legal cannabis program has been hindered by supply problems and curtailed access to financial services but the market is maturing and officials are planning to widen the legal points of sale from pharmacies to retail dispensaries. “In order for the regulated cannabis market to displace the black market […]

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UN Report Calls Out Nations for Cannabis Legalization

In their 2017 annual report, the United Nations International Narcotics Control Board called out Uruguay, the Netherlands, Jamaica, Canada, and U.S. states for implementing or moving forward with cannabis legalization. “The Board wishes to reiterate that any measures that permit or would permit the use of cannabis for non-medical purposes are in clear violation of […]

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Canadian Cannabis-Centric Entrepreneur Collective Acquires Uruguay Hemp Producer

In their first foray into Latin America, British Columbia, Canada-based Cannabis Wheaton Income Corp. is set to acquire Uruguayan hemp producer Inverell S.A. in a deal worth $15 million. Inverell is licensed in Uruguay to cultivate and harvest a proprietary hemp strain containing 0.5 percent THC and 8 percent CBD. Inverell also owns a genetic […]

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Uruguay’s Legal Cannabis Program has 16,000 Registered Buyers

Uruguayans registered to buy legal cannabis has increased more than three-fold since July from 5,000 to 16,000, according to an Independent report based on figures from the Institute for Regulation and Control of Cannabis. The government has also raised the allowable THC content from 2 to 9 percent. In August, the government indicated more than […]

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Uruguayan Cannabis Producer Plans to Export MMJ Oil

International Cannabis Corporation, a licensed cannabis producer in Uruguay, plans on exporting medical cannabis oil next month for sale in Canada and Mexico, according to a report from Reuters. Alejandro Antalich, the chief executive of ICC, said he hopes to eventually sell the product locally but is not permitted under the nation’s adult-use regime. The […]

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Uruguay Moving Legal Cannabis Sales from Pharmacies to Cash-Only Shops

Officials in Uruguay are moving retail cannabis sales from pharmacies to shops that will sell the products for cash, the Panama Post reports. The move comes less than a month after banks said they had to close accounts of pharmacies participating in the state-run program due to international anti-money laundering laws. Three of the 16 […]

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Banks in Uruguay Closing Accounts of Pharmacies Selling Cannabis

International anti-money laundering laws are forcing banks to abandon Uruguayan pharmacies legally selling cannabis, according to a Business Times report. Jorge Polgar, president of the state-run Banco Republica, said keeping the accounts open would prevent the institution “from carrying out any kind of operation with an international counterpart” and “cause [the bank] and its clients […]

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Uruguay Registered Cannabis Buyers Exceed 11,500

The number of registered recreational cannabis purchasers in Uruguay has topped 11,500 and four more pharmacies have begun the application process to sell the two adult-use cannabis varieties known as Alfa I and Beta I, according to the Instituto de Regulación y Control de Cannabis, the regulatory agency overseeing Uruguay’s legal cannabis market. “The number […]

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Canadian Company Approved to Sell Cannabis Products in Uruguay

The International Cannabis Corporation — based in Vancouver, British Columbia, Canada — has been approved to sell cannabis in Uruguay under the country’s nationwide cannabis legalization rules. Cannabis sales through pharmacies are set to begin on Wednesday, according to the Institute of Regulation and Cannabis Control. Under federal law, the price and packaging of cannabis […]

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Pharmacies in Chile Set to Dispense MMJ This Week

Pharmacies in Santiago, Chile will begin selling medical cannabis products this week as the nation’s legislature is considering allowing small home grows for patients, Reuters reports. The products will be imported by Canadian licensed producer Tilray in partnership with Alef Biotechnology, which is licensed by the Chilean government. The Tilray products, T100 and TC100, will […]

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Legal Sales in Uruguay Set for July

Legal cannabis sales are set to begin in Uruguay in July; more than four years after the South American nation fully legalized the cannabis trade, according to a BBC report. Under the laws, cannabis will be available only to citizens or permanent residents 18-and-older at pharmacies for $1.30 per gram. Although, the law also requires […]

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Delays in Uruguay’s Legalization Regime Allowing Trafficking to Remain Lucrative

Delays in the rollout of Uruguay’s cannabis legalization program has enabled the illegal cannabis trade to remain lucrative, with seven out of every 10 cannabis consumers purchasing products on the informal market, according to a report by Insight Crime. Legal sales were supposed to begin last July but were pushed back due, in part, to […]

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Cannabis Museum Opening Friday in Uruguay

Latin America’s first cannabis museum is opening in Uruguay’s capital city of Montevideo this Friday as a vehicle to showcase the plant’s biological and cultural diversity, according to a report from Telesur. Uruguay is a fitting home for the exposition, as they became the first nation to fully legalize cannabis three years ago. Museum Director […]

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Uruguayan Cannabis Company Diversifying with Hemp Crops

One of the two marijuana producers in Uruguay is betting that the hemp market will be more lucrative than the market for its psychoactive cousin, due to less government regulation of the plant and its overall manufacturing potential, according to a report from Bloomberg. Cannabis cultivated by International Cannabis Corp. will hit pharmacy shelves within […]

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Uruguay Holds Fifth Cannabis Cup

Uruguay hosted its fifth Cannabis Cup last weekend, with cultivator Guillermo Amandola winning best outdoor self-grown, and Eduardo Bandrea placing first in the self-grown indoor competition, the Associated Press reports. Winners were chosen by a panel of regional experts and were selected based on aroma, flavor, strength and effects. The event was held in the […]

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Uruguay Pharmacies Hesitant About Selling Legal Marijuana

The New York Times reports that many pharmacy operators in Uruguay are hesitant about carrying marijuana at their shops due to fears about the safety of their employees and security of their businesses. So far just 50 of the country’s 1,200 pharmacies have registered with the government to sell legal cannabis. Uruguay legalized the cultivation […]

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First Legal Cannabis Crops Harvested in Uruguay

International Cannabis Corp and SIMbiosys harvested the first legal marijuana crops in Uruguay earlier this week, reaping about 300 grams each, which will be sold at licensed pharmacies in the South American nation, according to a report from High Times. The plants were planted in February in the companies’ facilities in Montevideo under the authority of […]

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