Canadian Cannabis Companies Seeking Higher Stakes in Australian Market

CANADA: As investor excitement continues to climb in Canada over the upcoming legalization of cannabis on July 1, 2018, major Canadian companies are already setting their sights on the next big legal cannabis market-Australia.

Big players in the Canadian cannabis space already have started to stake claims “Down Under” where medical cannabis is beginning to take hold.  Notable companies include Aurora Cannabis (TSX: ACB), Canopy Growth Inc. (TSX: WEED) (OTC: TWMJF), CannTrust Holdings Inc. (CSE: TRST) (OTC: CNTTF), MedReleaf Corp. (TSX: LEAF) (OTC: MEDFF), and MYM Nutraceuticals Inc. (CSE: MYM) (OTC: MYMMF).

Australian consumers are already undergoing a very quick renaissance into the cannabis market, with several developments happening in the past few months.

After Australia’s federal decision that low-THC hemp seeds were fit for human consumption, almost instantly hemp beer and other related products hit the market.

Australian-listed companies are already starting to see major gains, as the country’s first corporate cannabis production is set to begin in 2018.

Stock prices on several Australian companies are beginning to take off, as the reality of Australia as a viable cannabis market for years to come, sets in.

Read full article @ PRN