MMJ Phytotech's Role in the Changing Medical Cannabis Industry
Legalisation and acceptance of medical cannabis as a cure or therapy for certain clinical ailments is gaining global traction.
As cities across the globe act to industrialise medical cannabis, several companies have begun to position themselves as first movers in product development and distribution.
MMJ Phytotech (ASX:MMJ) is one such company establishing itself in this space.
MMJ is developing quickly and has identified key priorities moving forward, one is to leverage its offshore operations in Australia by importing CBD capsules from Switzerland which are similar to those currently selling in Europe.
MMJ Managing Director Andreas Gideon told Market Eye is bullish about the Company’s Australian prospects.
“If our application is approved, this will mean that our CBD capsules will be available to Australian consumers within weeks of approval.”
In the meantime, MMJ is investigating potential partnerships with farmers, horticulturalists and Australian growing facilities...
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