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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 nation that is american an export hub for medical pot.

Silverpeak Life Sciences Uruguay is in talks with investment bankers to raise $35 million to be able to increase manufacturing fourfold this present year. Silverpeak, which will be one of several country’s largest cannabis that are medical businesses, additionally intends to build a bigger removal laboratory in 2020.

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

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Investors have already been funds that are pouring Canada in addition to U.S. while they seek to take advantage of more cannabis that are favorable, which have created a really promising appropriate marijuana market. Uruguay’s cannabis economy, meanwhile, is sluggish to produce inspite of the nation being the in that is first the whole world to legalize leisure cannabis. Læs resten