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Home 🌿 Marijuana Business News 🌿 Australian company AusCann to grow medicinal marijuana on Christmas Island 🌿

Australian company AusCann to grow medicinal marijuana on Christmas Island

Submitted by Marijuana News on Wed, 12/09/2015 - 08:45

An Australian company will grow medicinal cannabis on Christmas Island.

AusCann will begin planting trial crops of marijuana on the detention centre island ahead of its planned listing on the Australian Securities Exchange in early 2016.

Christmas Island is best known for its detention centre.

Christmas Island is best known for its detention centre.

Cannabis remains an illegal substance in Australia, but the federal government has flagged introducing a bill next year to legalise growing the plants for their medicinal uses.

AusCann said that it was in the final stages of planning the trial planting which will include five varieties of cannabinoids sourced from leading Spanish company Phytoplant Research with which it has an exclusive partnership.

If the trial is successful, and federal laws are changed, AusCann will begin planting the first commercial crop for the domestic market in late 2016, managing director Dr...

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