Aust medicinal cannabis ships to Europe

Australia has broken into the European medicinal cannabis market with the first batch in a decade-long, multi-million deal on its way to Germany.

The $92 million export agreement marks the start of a trade partnership with the region, which is forecast to become the world’s largest legal market.

Health Minister Greg Hunt says Australia is poised to become a recognised leader in the global supply of the highest quality medicinal cannabis products.

“Australia’s gold-standard regulation of medicinal cannabis products, coupled with a premium agricultural and manufacturing industry, means we are well positioned to become a preferred supplier,” Mr Hunt said on Thursday.

“This has the potential to create jobs and boost economic growth in Australia as we look to new and different export channels.”

The 10-year deal will initially see about two tonnes of locally grown and dried cannabis flowers shipped over the next 18 months.

“This is a major win for the industry in Australia,” Australian Natural Therapeutics Group chief executive Matt Cantelo said.

“While the German cannabis industry is still in its infancy, it is (already) the third-largest market globally behind the US and Canada”.

ANTG are the first local growers to crack the EU market, which currently receives the majority of imported products from Canada and The Netherlands.

“Now that we have the gold standard in growing and…

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Australia has broken into the European medicinal cannabis market with the first batch in a decade-long, multi-million deal on its way to Germany.

The $92 million export agreement marks the start of a trade partnership with the region, which is forecast to become the world’s largest legal market.

Health Minister Greg Hunt says Australia is poised to become a recognised leader in the global supply of the highest quality medicinal cannabis products.

“Australia’s gold-standard regulation of medicinal cannabis products, coupled with a premium agricultural and manufacturing industry, means we are well positioned to become a preferred supplier,” Mr Hunt said on Thursday.

“This has the potential to create jobs and boost economic growth in Australia as we look to new and different export channels.”

The 10-year deal will initially see about two tonnes of locally grown and dried cannabis flowers shipped over the next 18 months.

“This is a major win for the industry in Australia,” Australian Natural Therapeutics Group chief executive Matt Cantelo said.

“While the German cannabis industry is still in its infancy, it is (already) the third-largest market globally behind the US and Canada”.

ANTG are the first local growers to crack the EU market, which currently receives the majority of imported products from Canada and The Netherlands.

“Now that we have the gold standard in growing and…

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