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Home 🌿 Regional 🌿 South America 🌿 Uruguay 🌿 More than 100 bidders want to grow Uruguay pot 🌿

More than 100 bidders want to grow Uruguay pot

Submitted by Marijuana News on Thu, 05/08/2014 - 12:01

MONTEVIDEO, Uruguay (AP) — More than 100 businesses are hoping to compete for the right to grow the marijuana that Uruguay's government will sell in its newly legalized pot market, the country's drug czar said Thursday.

Drug secretary Julio Calzada said that the government can satisfy demand in the legal pot market it's launching this year by licensing two to six growers to cultivate the plants on plots no larger than 5 acres (2 hectares).

Successful bidders will have to identify everyone involved in their businesses, document the source of their financing and be cleared by Uruguay's anti-money laundering agency. These controls are needed to keep out organized crime, Calzada said.

"The big worry of the whole world is that those who produce marijuana illegally in Paraguay move in here and produce marijuana covered by Uruguayan law," he said.

Days earlier, President Jose Mujica said he, too, was worried that...

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URL: 
http://bigstory.ap.org/article/100-plus-bidders-want-grow-uruguays-marijuana

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