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Investors eye Uruguay as medical cannabis export hub

Investors eye Uruguay as medical cannabis export hub

Nearly six years after Uruguay fully legalized cannabis, investors are eyeing the South American country 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 production fourfold this present year. Silverpeak, which can be one of many country’s largest cannabis that are medical businesses, additionally plans to build a larger removal laboratory in 2020.

In accordance with Silverpeak Life Sciences CEO and U.S. cannabis investor Jordan Lewis, their prepared and desired expansion involves about 25 tons next 12 months. Continue reading