Asia & Oceania Cannabis Industry & Marijuana Business News

Australian companies ramping up for medical marijuana market

Australian businesses looking to enter the nation’s nascent medical cannabis market are doing plenty of prep work, including raising millions and signing partnership deals. Within recent days, Perth-based AusCann was at the center of two such related developments. The publicly traded company on Wednesday revealed it is attempting to raise 10 million Australian dollars ($7.4 […]

Read More

Tilray to export medical cannabis to New Zealand 

Tilray, a federally licensed cultivation company based in Nainamo, Canada, will begin exporting medical cannabis to New Zealand before the end of February. It’s the latest overseas deal for Tilray, which is owned by Seattle-based private equity firm Privateer Holdings. Both the Canadian and New Zealand governments have approved the MMJ exports, Tilray announced in […]

Read More

Israel moves toward becoming a medical cannabis exporter

Israel, already a leading cannabis research power, could become a major player in the international marijuana business landscape after a government committee approved draft legislation allowing the export of medical marijuana. The green light from the ministerial committee on legislation means the measure will proceed as a government-backed bill, AFP reported. But a government statement […]

Read More

Israeli MMJ lab company expanding to North America

An Israel-based company that specializes in quality-control testing equipment and standards for medical cannabis is using a newly raised $1 million in investment capital to expand its business operations into the North American market, the latest indication the marijuana industry is quickly going global. The firm, Cannabi-Tech Ltd., did not specify in a press release […]

Read More

Israeli government to finance 13 cannabis research projects

Israel’s Agriculture and Rural Development Ministry plans to spend 8 million shekels ($2.1 million) on research into cannabis cultivation, biochemistry and medicine. The government is hopeful the research will lead to cannabis-based therapeutic products, the Times of Israel reported. To start, the ministry is financing 13 projects, including seven in the fields of biochemistry and medicine. […]

Read More

Thailand approves hemp cultivation

The cabinet of Thailand’s National Legislative Assembly has approved a proposal to permit hemp cultivation in six provinces in the country’s northern region as part of a project to explore the use of plants for medical purposes. Officials with the Office of the Narcotics Control Board announced Tuesday said the proposal will be implemented in 2017 […]

Read More

Landmark deal: Israeli companies team to market MMJ inhaler

Two Israeli companies have signed an agreement to market an inhaler for medical marijuana, signifying what looks to be the first time a major global pharmaceutical company has agreed to market an MMJ product. Teva Pharmaceutical Industries Ltd. and Syqe Medical said they inked a distribution and cooperation agreement for Teva to exclusively market Syqe’s inhaler, […]

Read More

Thailand’s justice minister continues push to delist marijuana

Thailand’s Justice Minister Paiboon Koomchaya has reiterated his stance to reclassify marijuana from a narcotic drug to a medicinal herb. The official says the government has failed to police marijuana, as well as stimulant kratom, so both plants should be treated as herbs, according to the Bangkok Post. The justice minister has said that prohibition isn’t […]

Read More

Another Canadian medical marijuana firm licensed to export

Aphria, a federally licensed medical marijuana cultivator in Canada, has been chosen to export product to Australian biotech company Medlab Clinical. Medlab Clinical is conducting trials on the use of cannabis to manage pain in cancer patients, according to the Australian Associated Press, and will import a liquid blend of THC and CBD from Aphria […]

Read More

Australia’s MMJ market likely to develop slowly, with big players dominating

By Bart Schaneman Cannabis entrepreneurs hoping to enter Australia’s new medical marijuana market will confront obstacles at the federal and state level, with industry observers predicting a limited number of big companies will come to dominate the business. Australia’s MMJ market also is expected to develop slowly, given complex licensing procedures and strict, costly regulations.

Read More

Australian CBD producer to distribute in Czech Republic

Talk about an international operation. An Australian nutraceutical company that manufactures hemp-based CBD products in Switzerland is planning to sell them in the Czech Republic, according to a news release from the company, Creso Pharma. Creso, a public company that trades on the Australian stock exchange, said it has signed a distribution agreement with the […]

Read More

Australian entrepreneurs can now apply to grow medical cannabis

Australian cannabis business owners can now apply for licenses to grow medical marijuana under the country’s new MMJ law. The Australian government’s Narcotics Drug Amendment Act 2016 took effect on Oct. 30, according to Australia Network News. It allows businesses to grow marijuana for medicine, conduct research on the plant and create marijuana products for medicinal purposes. […]

Read More