Uruguay WIll Be The First Country To Legalize Marijuana

Uruguay will be the first country to legalize marijuana, and they will begin selling cannabis in pharmacies starting in July, which is the final stage in the country’s regulation of Marijuana.

Uruguay initially put the wheels in motion to fully legalize recreational marijuana back in 2013, but political red tape it has been a slow process that is finally coming to a close in July.

“Cannabis will be dispensed in pharmacies starting in the month of July,” presidential aide Juan Andres Roballo was quoted saying in a press conference.

The law requires buyers to sign up to a national registry, which Mr Roballo said would be up and running by May 2nd. The price will be US$1.30 (£1) per gram, and will only be available to citizens of Uruguay or permanent residents. There is also a cap on how much a person can buy, up to a maximum of 40 grams/month.


The new law also allows users to grow their own cannabis at home, or join certain cooperative clubs that farm the drug.

Many pharmacists have doubted the financial benefits of selling a cost-controlled product, and the Government has already closed deals with 16 pharmacies, and plans to sign deals with many more


More From Westbrook Radio

Stocks mentioned in this article or related to this sector: $VMED $GWPRF $WEED $APH $ACB $SL$AMMJ$MYM$MYMMF $CBIS $MJN $THC $MJNA $TRTC $CBDS $CANN