Uruguay Awards Two Marijuana Permits to Investors
- Simbiosys, Iccorp win licenses to grow 2 tons a year of pot
- Government will set retail price at just over $1 a gram
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Uruguay has selected two companies backed by local and foreign investors to grow recreational pot for distribution in the South American country’s pharmacies.
Simbiosys SA and Iccorp were among a short list of 11 companies including Canadian medical marijuana producer Tilray that bid for licenses to grow as much as two tons of pot a year.