High ambitions: Uruguay cannabis firm targets booming global market for medical marijuana

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

In a white, sterilized laboratory on the outskirts of Uruguayan capital Montevid...

MONTEVIDEO - In a white, sterilized laboratory on the outskirts of Uruguayan capital Montevideo, biochemist Javier Varela and his team are carefully cultivating plants for a booming multibillion-dollar global market in medical marijuana.

The small but landmark export underscores the country’s push into the burgeoning market for legal cannabis, that has medical uses including helping cancer patients manage chronic pain or treating spasms associated with multiple sclerosis. The number of countries legalizing the use of medical cannabis is expected to almost double to around 80 in the future, Lewis said, “creating a potential market of $100 billion in the next ten years.”

Varela says it is vital to control the quality of the environment for the cannabis plants, especially given the high global standards needed for making medicines as well as in the handling of agricultural products.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Send me a price list

Suppose your production 100 tons. You can sell only 30 tons as medical marijuana. What would you do with 70 tons marijuana? Burn it? Or sell it to drug dealers?

Why can’t you use a more appropriate medical term such as cannabis? Marijuana is a (much vilified) US name for a recreational drug.

While idiots in Kenya are very busy arresting Marijuana farmers.

really? something new?

Great idea, however like all medication they will use inflated prices and pray on the vulnerable governments would rather psy extortionate price to the global pharmaceutical companies

przyszłość przemysłu spożywczego🙂

previously know as marijuana

nice

They have like 2% and 5% THC cannabis, that’s not gonna compete with anything, it’s rubbish.

There are gnomes there, really.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sanders unveils plan to tax companies with high-earning CEOsBernie Sanders' plan would raise taxes on businesses whose CEOs make at least 50 times more than their median workers I'll support that. bernie will just have every big company close. the economy will literally crash So if you have a very basic entry level job worked by 50 million people worldwide, and it is your job to oversee the operations of that entire company... you should only make 50x what the person putting detergent on a shelf should make? Come on. 😂
Source: politico - 🏆 381. / 59 Read more »