Two South American Cannabis Markets Advance

Chile and Uruguay have taken significant steps recently to advance their respective marijuana markets.

Chilean President Michelle Bachelet signed a decree that authorizes the sale of cannabis-derived medicines at pharmacies, and removes marijuana from the country’s list of hard drugs. The decree hasn’t been published officially, but the Associated Press obtained a copy Friday.

Still, the planting, selling and transporting marijuana without a specific medical sanction as part of Chile’s MMJ pilot program remains illegal and carries prison terms of 5-10 years.

The National Drug Board of Uruguay, the first nation to legalize recreational marijuana, announced Saturday that registered

...

Two South American Cannabis Markets Advance is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs