Uruaguay became the first nation to legalize recreational marijuana this week. 

Uruaguay intends to regulate the drug by authorizing sales from only pharmacies and sell the seeds to control THC content.  The price will be set at $1 per gram, well below free-market prices--so legal marijuana should displace illegal marijuana quickly.   Legal sales will be limited to 44 grams/person/month.  To prevent "pot tourism" from erupting, only Uruguay residents will be allowed to purchase marijuana from pharmacies.   In addition to controlling sales, the legislation allows each household to grow up to 6 plants and collective gardens may contain as many as 99 plants.

For news stories, see

Hannah Hetzer

CNN; December 11, 2013

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Uruguay Acts to Legalize Marijuana

SIMON ROMERO

New York Times; Dec 10, 2013

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