Australia allows cannabis product exports

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In Australia, MYM Nutraceuticals Inc. announced that Australia will expunge the export ban on cannabis products in February 2018 and allow the worldwide exportation of cannabis-based treatments such as oils, patches, sprays, lozenges and tablets. Solaris Nutraceuticals, an MYM joint venture company in Australia, is in the licensing process to build a 1.2 million square-foot greenhouse facility set to be the largest cannabis production facility in Australia.  

Australia’s Health Minister Greg Hunt stated, “We would like to be, potentially, the world’s number one medicinal cannabis supplier. One of the conditions of any license for export is that medicinal cannabis be made available to Australian patients first. The sector is fully supportive of that.  Australian patients come first. There are now no real government barriers at all to accessing medicinal cannabis.”

MYM is focused on acquiring Health Canada licenses to produce and sell high-end organic medicinal cannabis supplements and topical products.