News

2 cannabis companies are making major moves in the Aussie market. They say Australia is ‘uniquely positioned’ to become a global leader.

Last week, two cannabis companies with significant international footprints made major moves in the Australian market. Since the import and sale of pharmaceutical-grade cannabis was legalised in 2016, companies have been negotiating strict TGA guidelines to enter what they see as a potentially enormous growth market. “Australia is setting the […]
2 cannabis companies are making major moves in the Aussie market. They say Australia is ‘uniquely positioned’ to become a global leader.
News

The NSW government says it approves medicinal cannabis applications within 48 hours. Newly obtained data shows it often takes far longer.

Documents obtained by Business Insider Australia have revealed the actual waiting times experienced by medicinal cannabis patients in New South Wales, with a large number of cases exceeding the government’s stated 48-hour turnaround window. The 48-hour application scheme for medicinal cannabis was rolled out in NSW, Victoria, and Queensland in […]
The NSW government says it approves medicinal cannabis applications within 48 hours. Newly obtained data shows it often takes far longer.
News

Cannabis regulation in Australia could be about to become way less complex — but an industry expert says the devil will be in the detail

A report into the Narcotic Drugs Act has been tabled in Parliament, recommending a number of changes to the licensing regime regulating the business of medical marijuana and other cannabis products in Australia. The report acknowledged the complexity of the current regulations. Of the 246 cannabis cultivation or research licence […]
Cannabis regulation in Australia could be about to become way less complex — but an industry expert says the devil will be in the detail
US

Medical cannabis biotech Botanix just did a deal with the University of Queensland

Shares in Botanix Pharmaceuticals Limited jumped after the biotech announced a research collaboration with the University of Queensland’s Institute for Molecular Bioscience to develop a skin infection treatment based on medical cannabis. A short time ago, the shares were up 5% to $0.105. Coupled with an AusIndustry Innovation Connection Grant […]
Medical cannabis biotech Botanix just did a deal with the University of Queensland
News

Ohio just announced who can grow medical cannabis — here’s the list

The tiny village of Mount Orab and the city of Akron are among diverse locations of the 12 large growers Ohio picked Thursday to participate in its medical marijuana program. In announcing the large cultivators and a final small grower, the state rounded out the list of 24 companies authorised […]
Ohio just announced who can grow medical cannabis  —  here’s the list
Markets

MMJ PhytoTech shares rip higher on Canada’s plans to legalise cannabis

Shares in MMJ PhytoTech jumped after Canada confirmed plans to legalise recreational cannabis in 2018. On the ASX a short time ago, MMJ PhytoTech shares were up 17% to $0.810. MMJ PhytoTech is focused on becoming a large-scale cannabis producer, targeting direct supply to the Canadian medical and recreational markets. […]
MMJ PhytoTech shares rip higher on Canada’s plans to legalise cannabis
Markets

Lifespot Health shares are soaring on a medicinal cannabis connection

Shares in Lifespot Health jumped after the medical diagnostics company said it was exploring global opportunities for medicinal cannabis. A short time ago, they were up 12.5% to $0.315. The company says it is looking at using its BodyTel platform to monitor medicinal cannabis use in patients. “Company directors are […]
Lifespot Health shares are soaring on a medicinal cannabis connection
Markets

Shares in cannabis company AusCann are going nuts

Shares in the medicinal cannabis company AusCann have quadrupled since listing last month. A short time ago, the shares were at 80 cents, up 15% since yesterday’s close and four times higher than the list price of 20 cents. AusCann Group Holdings started trading on the ASX on February 3 […]
Shares in cannabis company AusCann are going nuts
Markets

Shares in medical cannabis company Zelda are going nuts

Shares in biotech Zelda Therapeutics soared after announced promising results using medical cannabis oil to fight breast cancer. A short time ago, the shares were up 40% to $0.032. The initial proof of concept study into the anti-cancer effects of the company’s medical cannabis formulation was conducted by researchers at […]
Shares in medical cannabis company Zelda are going nuts
News

Medical marijuana is now legal in Australia

The Australian parliament passed new national laws today paving the way for the use of medicinal cannabis by people with painful and chronic illness. Amendments to the Narcotic Drugs Act permit both legally-grown cannabis for the manufacture of medicinal cannabis products in Australia. The changes, proposed earlier this month by […]
Medical marijuana is now legal in Australia
News

The Turnbull government is making medicinal cannabis legal in Australia

The federal government is introducing legislation to parliament to allow the cultivation and use of medicinal cannabis under a national framework today. The move follows Victoria’s announcement last year that it will legalise the drug for medical use in 2017. NSW is also currently conducting trials into a cannabis-based drug, […]
The Turnbull government is making medicinal cannabis legal in Australia