Uruguay potentially legalizing Marijuana to make state-run monopoly

08/01/2013 - 00:00

By Roberto A. Ferdman -

Like many other countries in the Latin America, Uruguay is considering legalizing marijuana. But its government isn’t just looking to save money on police enforcement or drive down marijuana prices through legal competition. It wants to make marijuana one of its many state-run monopolies.

Possession of small amounts of marijuana is already permitted in Uruguay, but its government is looking to take weed friendly legalization several steps further.