Cannabis

WHY THE CANNABIS SECTOR IN URUGUAY?

• Reliability & Stability. Uruguay is a reliable country to do business with. It offers political and social stability and a favorable investor grade business climate. This has allowed for the development of an incipient industry such as cannabis, within a stable and predictable legal framework.

• Favorable and innovative regulatory framework. Investment in Uruguay, both domestic and foreign, is considered of national interest. There is equal treatment for local and foreign investors, who have a wide range of incentives at their disposal.

• Uruguay offers a variety of business opportunities along the entire value chain, be it research, farming, or industrialization for medicinal, industrial or food purposes. The regulations have allowed for the development of an ecosystem, with more than 100 companies.

• Easy access to decision-makers. Uruguay's public-private ecosystem favors the coordination of policies to develop the sector, with close working relations between the different actors in the chain

• Focus on exports. Uruguay has been exporting cannabis-derived products since 2018. This period has seen the export of seeds, grain, hemp biomass for extraction, industrial hemp flowers for non-medical use, flowers with high THC content for medical use, as well as active pharmaceutical ingredients and finished products.

• Strong track record in related industries. Uruguay has cross-cutting strengths, both at the agro-industrial level and in pharmaceuticals and life sciences, which drives the development of industrial hemp or medical cannabis exports.

• Sustainability. Uruguay stands out for its precious diversity of natural resources and its commitment to preserving them, achieving a remarkable balance between natural wealth and environmental protection in harmony.