(Source) “MONTEVIDEO, Uruguay — MONTEVIDEO, Uruguay (AP) — Uruguay’s drug czar says the country plans to sell legal marijuana for $1 per gram, though he’s given higher figures in the past.
A law already passed in the lower house of Congress and expected to pass in the Senate later this year 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.
The El Pais newspaper reported Sunday that drug chief Julio Calzada says marijuana sales should start in the second half of 2014 at a price of $1.
He says the idea isn’t to make money, but to wrench the market away from illegal dealers. Calzada said in August that the price would be around $2.5 per gram.
Sales are for locals only.”
Just when you count Uruguay out, they go and do something like this, and totally redeems themselves! I’m not sure why Uruguay is selling pot for $1 a gram but I also don’t care. They’re putting themselves back on the map. No longer will they only be known for soccer players whose names we can’t pronounce. They are the now the gold standard for legalizing marijuana. Congratulations Uruguay. We’re all proud of you.
The big story today is marijuana is about to become that much closer to full legality. Not sure if that’s a real phrase but it is now. A 100 million dollar marijuana company is about to form in Washington state and I am going to buy stock pre-immediately (I’m killing it with new phrases today). Right now its being called ‘Big Marijuana’ which is an obvious spin off of ‘Big Tobacco’ (which is probably not the best marketing choice) but they plan to change it’s name as the company comes to fruition.
And the mastermind behind all this? A guy named Jamen Shively, no idea how to say that but I’m going to with Jammin’ because that’s both awesome and, when referred to the Bob Marley song, very appropriate. Oh and by the way he’s been endorsed by Vicente Fox, another awesome name, who happens to be an ex-Coca Cola exec; but then he got bored of heading up one of the worlds biggest Fortune 500 companies and decided to retire and become the president of Mexico. An obvious next step.
I’ve never been so sure that a company is going to experience so much success. Marijuana + Jamen + 100 mil. How can you go wrong? Except maybe your product is still mostly illegal. But who’s counting. I’m excited!