Uruguay will offer dirt-cheap legal weedunder certain conditions
Uruguay is one step closer to becoming the first country in the world with a legal, nationwide pot market. Today the government started registering people to buy marijuana for recreational purposes, a requirement under the countrys 2013 marijuana legalization law. Pot is expected to hit the shelves by July.
Legal marijuana will be remarkably cheap: $1.30 a gram. In the US state of Washington, one of the few other spots on the planet where marijuana is sold like beer, the average price per gram so far this year is more than $7, according to market research firm Headset.
But pot enthusiasts around the world shouldnt rush to pack their bags. The merchandise will be for citizens and permanent residents only.
The strict rules are part of an elaborate regulatory apparatus that Uruguay has set up to ensure that pot doesnt get diverted into the wrong hands. Drug-legalization advocates and public officials around the world have been watching closely how the Uruguayan experiment unfolds.
Its been a slow and deliberate process that started with allowing people to grow their own weed at home, and then ...
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