Marijuana moguls optimistic about legalisation of recreational cannabis in Australia

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April 23, 2018 07:14:12 Media player: “Space” to play, “M” to mute, “left” and “right” to seek. One of the world’s largest cannabis companies is positioning itself for recreational marijuana use to be made legal in Australia, amid fresh political debate about the proposed reform. Canopy Growth Corporation, a $5.6 billion publicly listed Canadian company, has taken out Australian patents for a range of marijuana products including its global, youth-focused “Tweed — feel free” brand for medicinal and recreational cannabis. The company has also hired political lobbying and research firm Crosby Textor to help it in discussions with the federal and state governments, following Australia’s decision in 2016 to legalise cannabis for medicinal use. A Four Corners investigation into Australia’s booming medical marijuana industry reveals major players are optimistic about the legalisation of recreational cannabis in Australia. Medicinal cannabis has been legal in Canada since 2001 and recreational marijuana use will be legalised for adults as early as August. Marijuana moguls optimistic about legalisation of recreational cannabis in Australia

thumbnail courtesy of abc.net.au

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