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 cooking pot.
Silverpeak Life Sciences Uruguay is in talks with investment bankers to raise $35 million so that you can increase production fourfold this season. Silverpeak, that will be one of the country’s largest cannabis that are medical organizations, additionally intends to build a bigger removal laboratory in 2020.
Relating to Silverpeak Life Sciences CEO and U.S. cannabis investor Jordan canbus oil Lewis, their desired and planned expansion involves about 25 tons next year. He stated that they’re anticipating this expansion to build over $100 million in income.
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Investors have already been pouring funds into Canada additionally the U.S.