ICC International Cannabis Corporation Announces Regulatory Approval of Recreational Cannabis Sales in Uruguay – MarketWatch

VANCOUVER, BRITISH COLUMBIA, Jul 17, 2017 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 17, 2017) –

Editors Note: There is a photo associated with this press release.

ICC International Cannabis Corporation (“ICC” or the “Company”) (ICC), a fully licensed producer and distributor of medical and non-medical cannabis and cannabinoid extracts (“CBD”), is pleased to announced it has been officially approved for non-medical cannabis sales in Uruguay by the Ministry of Health. 

“Within the framework of the provisions of Law 19,172, the dispensation of psychoactive cannabis for non-medical use in pharmacies, will begin next Wednesday July 19, 2017.” Institute of Regulation and Control of Cannabis (IRCCA) reported.

The Company will commence non-medical cannabis sales on July 19, 2017, and distribute its products via an approved pharmacy distribution network in Uruguay. There will be two products available for non-medical cannabis sales. The products will be dispensed in IRCCA approved and sealed 5 gram packaging and will cost U.S.$6.50 per 5 gram unit. Each unit will have a security stamp and LOT number that guarantees its authenticity. Packaging will contain all required regulatory health and risk warnings along with recommendations of use statements.

“The ICC team has worked diligently with the government agencies and regulatory bodies to establish high quality standards and a transparent framework for legal non-medical cannabis sales. Uruguay has quickly established itself as a leader in the cannabis and CBD industries in South America and globally. ICC continues to innovate and execute on its strategy of becoming the trusted producer and distributor medical and non-medical cannabis and CBD.” commented Alejandro Antalich, Chief Executive Officer of ICC.

All products from ICC greenhouses are grown under strict regulatory and technical supervision, where site conditions, production methods, product traceability and quality control standards have been approved by IRCCA and authorized by the Ministry of Health. Product tracking and

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