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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 current year. Silverpeak, which will be one of many country’s largest cannabis that are medical businesses, additionally intends to build a more substantial removal laboratory in 2020.

Based on Silverpeak Life Sciences CEO and U.S. cannabis investor Jordan Lewis, their desired and planned expansion involves about 25 tons next 12 months.