Investors eye Uruguay as medical cannabis export hub

Investors eye Uruguay as medical cannabis export hub

Very nearly six years after Uruguay fully legalized cannabis, investors are eyeing the South American nation as an export hub for medical cooking pot.

Silverpeak Life Sciences Uruguay is in talks with investment bankers to raise $35 million so that you can increase manufacturing fourfold this season. Silverpeak, which will be one of several country’s largest medical cannabis organizations, also plans to build a more substantial removal laboratory in 2020.

Relating to Silverpeak Life Sciences CEO and U.S. cannabis investor Jordan Lewis, their planned and desired expansion involves about 25 tons next 12 months. He stated that this expansion is being expected by them to come up with over $100 million in income.

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https://cbdoilworld.org Investors have already been pouring funds into Canada together with U.S. while they seek to make the most of more favorable cannabis laws, which may have created a really promising marijuana market that is legal. Uruguay’s cannabis economy, meanwhile, happens to be slow to produce inspite of the country being the in that is first the whole world to legalize cannabis that are recreational. Investors eye Uruguay as medical cannabis export hub 더보기