Uruguay Grants First Licenses to Marijuana Companies
Two companies have obtained licenses from the Uruguayan government to cultivate marijuana, the country's National Drug Board said Thursday.
"Twenty-two proposals were presented ... and two licenses for production and distribution were given out," Juan Andres Roballo, head of the National Drug Board, said at a news conference.
Roballo said the move represents a "fundamental step" toward the implementation of Uruguay’s landmark 2013 law legalizing marijuana, which at the time was heavily criticized by proponents of the drugs. Since then, three states in the United States have legalized the retail sale of marijuana.
The two companies, Simbiosis and Icorp, are expected to produce up to 2 tons of marijuana a year.
Marijuana sales in licensed pharmacies across Uruguay will begin in June 2016, with the price expected to be around US$1.20 per gram. According to Augusto Vitale, the president of the Institute for...
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