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Uruguay wants to be the first country to export medical marijuana — but there's budding competition

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WASHINGTON (CIRCA via MOBIUS.LAB) — Uruguay was the first country to regulate cannabis in 2013. Now, it plans to be the first to export medical marijuana.

Fotmer SA is a cannabis plantation 80 miles west of Uruguay's capital, Montevideo. It extracts THC (tetrahydrocannabinol) and CBD (cannabidiol) oil for the development and manufacturing of medicines used to treat conditions like epilepsy and chronic pain.

Companies like Fotmer SA only have a market of 3 million people if they don't export out of the South American nation. And it shouldn't be too hard — under the Mercosur trade bloc, Uruguay should be able to export medical marijuana to southern Brazil.

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And Uruguay isn't the only country considering cannabis exports; soon, it'll be competing against Canada.

Cannabis legalization is spreading, and now the question has become: Who will be the world's top cannabis supplier?

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