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RSS FeedsAnalysis: For now, Australia`s plans for cannabis market dominance are more smoke than fire
(WorldNews Business)

 
 

14 january 2018 05:41:12

 
Analysis: For now, Australia`s plans for cannabis market dominance are more smoke than fire
(WorldNews Business)
 




By Colin Packham SYDNEY (Reuters) - When Australia said this month it would allow exports of medicinal cannabis in a bid to dominate a global market set to be worth $55 billion by 2025, investors scrambled to buy shares in marijuana companies - pushing several of them, and the sector as a whole, to record highs. But convoluted and restrictive licensing demands, substantial finance requirements and a guarded medical profession means even Australia`s largest marijuana companies are at least a year away from a commercial crop. And doubts linger about the prospects for smaller entities, belying the government`s ambitious plans to be the world`s leading exporter. `There will be more cannabis used...
 
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