January 10, 2014

Uruguay Poised to Export Cannabis

Uruguay is gearing up to export marijuana now that it has legalized cannabis use, with one government official saying the country is “enthusiastic” about tapping the global market.

The move highlights missed opportunities – and future possibilities – for U.S. marijuana companies, which currently cannot sell cannabis to other countries because the drug is still illegal at the federal level.

If the U.S. government ever gets its act together and legalizes marijuana, it could open the door to cannabis exports – and tens of million of dollars in revenues for cannabusinesses.

The demand is sizable: Uruguay has already received inquiries from several countries – including Canada, Chile and Israel – that are interested in importing cannabis for medical use. Research institutes in other countries have also asked about setting up labs in Uruguay to study marijuana.

International demand is set to grow rapidly as more countries look to relax marijuana laws and approve the use of cannabis for medical or recreational purposes.

Last month, Uruguay became the first nation in the world to legalize the cultivation, sale and consumption of marijuana for general use. It is now developing regulations on cannabis businesses and expects to have final rules in place by April.


5 Comments:

  1. The idea that “export opportunities” are going to be lucrative is ridiculous. By the time the international legal climate develops to a point where there is a worldwide market in growing and consuming marijuana because it’s all legal the bud ain’t gonna be worth squat! This is a high that is so ridiculously cheap to produce in quantity that the only thing that will keep the price up is government restrictions. Give me one good sized farm in the tropics and I’ll produce enough high quality bud for half the world to stay stoned! No my friend, once the restrictions are eliminated (if they ever are) this stuff is going to be cheap, cheap cheap!

  2. Will there be any traded companies in
    Uruguay that will benefit?

  3. Yes, genius, that’s why there is no world export market in booze since the repeal of prohibition! Quality herb will be huge business and unlike alcohol, the only to get hurt by it is if a bale falls on you! from way up.

  4. Don’t forget about hemp which should also be legal. Food, clothing, paper, energy etc. Henry Ford even built a car out of it.

  5. What businesses will be traded on stock market?

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