Canada’s Broken Coast Cannabis to list on Australian Stock Exchange ASX

Hot on the heels of landmark drug law reforms in NSW a struggling local gold prospector Capital Mining has struck a deal to reinvent itself as $25 million Australian-listed, Canada-based, medical marijuana company.

Broken Coast Cannabis will become the second legal weed business to trade on the Australian Securities Exchange.

The medical marijuana industry has boomed in North America and Europe over the past few years as more jurisdictions have legalised it, and is now a budding sector in Australia ahead of expectations for local law reform.  

"Our experience in Canada has shown us that being in the forefront of this new and fast-growing industry is key," Broken Coast Cannabis co-founder and general manager John Moeller said.

Mr Moeller told Fairfax Media the company hopes to become a market leader in Australia, where policy makers are still grappling with how to approach regulatory change.

In January, NSW introduced landmark changes to...

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