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Thursday, October 24th, 2013

Uruguay to Sell Legal Marijuana for $1 a Gram

Author:    
Source:     The Guardian (U.K.)/ The Associated Press
Publication Date:     Tuesday 22 October 2013 02.56 EDT
 Link: Uruguay to Sell Legal Marijuana for $1 a Gram
Stephan:   This is the latest on the decision by Uruguay to legalize Marijuana, and create a legal industry, at $1 a gram -- ≈29 grams = 1 ounce -- or $29 an ounce. They are doing it, as this story explains, in large measure to cut the knees out from under criminals. What happens in Uruguay will have a powerful effect on the rest of the world.

MONTEVIDEO, URGUGUAY — President José Mujica presses on with plan to create government-run legal marijuana industry to combat criminals

The measure would make Uruguay the first country in the world to license and enforce rules for the production and sale of marijuana. Photograph: Anthony Bolante/Reuters

Uruguay’s drug tsar says the country plans to sell legal marijuana for $1 a gram to combat drug-trafficking, according to a local newspaper.

The plan to create a government-run legal marijuana industry has passed the lower house of Congress, and Uruguay’s president, José Mujica, expects to push it through the Senate soon as part of his effort to explore alternatives in the war on drugs.
Uruguayan president Jose Mujica President Jose Mujica: seeking alternatives in the war on drugs. Photograph: Andres Stapff/Reuters

The measure would make Uruguay the first country in the world to license and enforce rules for the production, distribution and sale of marijuana for adult consumers.

Marijuana sales should start in the second half of 2014 at a price of about $1 a gram, drug chief Julio Calzada told Uruguay’s El País, on Sunday – an eighth or less of what it costs at legal medical dispensaries in some US states.

Calzada said one gram would be enough […]

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