Uruguay’s Marijuana Permits Lure Bids From Canada to Germany
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Canadian medical-marijuana producer Tilray and the founder of a German cannabis products retailer are among 11 investors bidding for a foothold in a formerly illegal industry in Uruguay: marijuana farms.
Once the government issues the licenses, recreational pot could reach pharmacies in three to four months, said Alfredo Dupetit, a partner in Montevideo, Uruguay-based bidder Lucus SRL. Pharmacies will then be able to sell as much as 40 grams (0.1 pound) of pot a month, enough for about 60 joints, to registered users, the government has said.