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Banking restrictions hitting Uruguay's legal marijuana sales

Published Sun, Aug 20, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Montevideo

URUGUAY'S unique new marijuana industry has run into a hurdle as international anti-money laundering rules are forcing banks to close the accounts of pharmacies legally selling the drug.

Uruguayan pharmacies started selling marijuana last month under a 2013 law that made the South American country the first in the world to legalise pot all the way from production to sale.

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