In this July 19, 2017 file photo, a pharmacist register a bag of legal marijuana as he sells it to a customer, at a pharmacy in Montevideo, Uruguay. The country is changing its marijuana selling system because banks were making it difficult for pharmacies to sell pot as had been planned. A government official said Wednesday Sept. 13 2017, that Uruguay will set up shops to sell pot for cash and avoid the problems faced by pharmacies.
Uruguay’s government announced Wednesday that it is changing its retail system for legalized marijuana because banks are making it difficult for pharmacies to sell pot as planned.
Banks are refusing to deal with companies linked to pot in order to follow international financial laws that ban receiving money tied to the drug, pharmacists and officials said.
To avoid the problems faced by pharmacies, Uruguay will set up shops to sell marijuana for cash, said government official Juan Andres Roballo.
Running a business without being able to bank is tough in Uruguay. Among other things, Uruguayan law bans cash or check payments for employees and requires that salaries be paid by direct deposit.
Some U.S. marijuana retailers in states that have legalized sales have encountered similar banking difficulties as the drug remains illegal on a federal level.
credit:420intel.com
