Australias Office of Drug Control begins accepting applications from private business for cannabis cultivation licences on Monday, Oct. 31, and Tilray and Tweed will be among those applying to be a part of the new legal medical market.
The Australian government announced their intention to legalize the production of cannabis for medical and scientific purposes in October 2015, and parliament amended the Narcotic Drugs Act in February to make this process legal. The law came into effect on Sunday, Oct 30th.
Earlier this year, Canadian-based Tilray announced a clinical trial with the Government of New South Wales and the University of Sydney, looking at the effectiveness of cannabis on nausea and vomiting caused by chemotherapy. Tilray has said they also hope to build a 15-20 million dollar production facility in the country.
While not directly connected to Canada, Bedrocan Australia recently put on their first mini masterclass in Australia. The masterclass is an invite-only event lead and developed by Dr Arno Hazekamp. Bedrocan has been putting on the masterclass series for 6 years, aiming to help increase attendees understanding of medicinal-cannabis: especially the science, pharmacology, clinical use, patient preferences and regulatory issues surrounding its use.
Bedrocan International, which owns Bedrocan Australia, recently announced they were selling off their final shares in Canopy Growth Corporation, the parent company of Tweed Inc and Bedrocan Canada. Cannabis to us is not a lifestyle product, said the companys chairman of the board Tjalling Erkelens, in an attempt to distance themselves from Tweed Incs stated recreational market goals.
In May, Canadas Canopy Growth Corp. announced they had partnered with Australian company AusCann to give access to genetic starting material and experience and data from their subsidiaries Tweed Inc and Tweed farms (but not Bedrocan Canada). Auscann and Canopy Growth have stated that they expect products to be available for approved patients in Australia by mid 2017.
The Victoria government in the south-east of Australiaplanted their first crop earlier this year, and product from this and subsequent crops is expected to be ready in mid 2017. The state of Victoria has established their own medicinal cannabis taskforce.
More info on the regulations can be found here.
Australias medical cannabis legislation and infrastructure is considered heavily influenced by Canadas MMPR (now ACMPR), and many Australian companies have also shown considerable interest in both the MMPR/ACMPR, as well as individual licensed producers.
MMJPhytotech, an Australian company, owns Vancouver Islands United Greeneries, a subsidiary of MMJ Biotech. An Australian mining firm also made moves to invest in Vancouver Islands Broken Coast in early 2015, although the deal quietly fizzled out a few months later.
Canadian companies have been present in other foreign markets, as well. Tilray applied to be a producer in Uruguay in 2015, although they were not one of the two companies awarded a license. Tilray and Peace Naturals have both recently begun shipping product to Croatia and Germany, respectively. Canopy Growth has also partnered with a German company for future distribution. The company Peace Naturals has teamed up with, Pedaimos, had been previously importing cannabis viaBedrocan BV (Netherlands).
Michael Gorenstein,the CEOof Cronos, the parent company of Ontario producer the Peace Naturals Project, says ...
