The Uruguay government announced that it is making changes to its recreational marijuana system because due to international finance laws banks cannot legally work with pharmacies selling marijuana.
New pharmacies will be setup that will sell marijuana and accept cash purchases, according to Idaho Statesman. Marijuana sales began in July after a 3-year wait for implementation. Following warnings from banks, there were three pharmacies in the country that chose not to delve into the recreational marijuana market.
The new system will prevent the dismantling of Uruguay’s recreational marijuana market.
There are still challenges in place, such as paying employees. In Uruguay, employees must be paid via direct deposit, so a bank account is needed for this service. A few other fixes are also in order before things are on an even keel in Uruguay.