Two South American Cannabis Markets Advance

Chile and Uruguay have taken significant steps recently to advance their respective marijuana markets.

Chilean President Michelle Bachelet signed a decree that authorizes the sale of cannabis-derived medicines at pharmacies, and removes marijuana from the country’s list of hard drugs. The decree hasn’t been published officially, but the Associated Press obtained a copy Friday.

Still, the planting, selling and transporting marijuana without a specific medical sanction as part of Chile’s…

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