Australia

Thu
22
Aug

4 continents, 1 deal: The global CBD export market is already here

On Aug. 19, the Colombian company PharmaCielo, which claims to be the country’s premier producer of medical-grade cannabis oil, announced that it had officially exported the first batch of CBD from Colombia to Switzerland. The actual deal to make the first commercial export of CBD to Europe happen was organized by PharmaCielo’s Canadian parent company of the same name.

Wed
21
Aug

Does cannabis keep you young?

Old people look old because their skin stops producing collagen — or, possibly, because they are full of spiteful regret for a life poorly lived, an existence misspent in the pursuit of frivolous things. Younger people look old because their skin was ravaged by something. It’s the sun, mostly, but also stress, overeating, boozing, or — cue the New Age health solutions music!— an onslaught of rampaging free radicals.

If you want good skin that looks young(ish), the best technique is to stay out of the sun. That isn’t good enough, and so we have a beauty and cosmetic industry that promises to either delay one of the above inevitable outcomes, or to fool other peoples’ eyes into thinking it hasn’t already happened.

Wed
14
Aug

Cannabis could be the secret to anti-ageing

The use of cannabis in skincare is stepping up a notch.

Australian medicinal marijuana company Bod Australia has released findings of its research partnership with the University of Technology Sydney (UTS), which could see an anti-aging skin cream developed that incorporates cannabidiol (CBD), a non-psychoactive chemical compound within cannabis.

Under the research collaboration — which was been underway for the last three years — scientists discovered a family of proteins in human cells that act as anti-ageing agents. Now Bod and UTS are exploring the combination of those proteins with CBD in topical anti-ageing skin creams.

Tue
13
Aug

Australia’s Northern Territory passes Hemp Bill

Farmers in the Northern Territory could be growing hemp as early as next year after the passing of the Gunner Labor Government’s Hemp Industry Bill last week.

The Bill, which was introduced in May, legalises growing and processing industrial hemp for food, fibre and seed production purposes in the Territory and creates the required regulatory framework.

Wed
07
Aug

Australia tipped to become 'envy of the world' in cannabis

The Asia-Pacific medicinal cannabis market has been tipped to heat-up by the two companies involved in the launch of a new Australia-based marijuana cultivation business.

Australian start-up Greenfield MC — which was launched in 2018 as an importer and distributor of medicinal cannabis — will now become a grower, under the terms of a new deal with US-Canadian company Emerald Plants Health Source (EPHS).

The two companies will create a joint venture business, Greenfield MC Cultivation, which will develop a cannabis growing operation in Australia for export across the Asia-Pacific market, Business Insider Australia can reveal.

Tue
06
Aug

Priority licencing for some Australian medical cannabis projects

Australian Minister for Health Greg Hunt announced last week the Federal Government will prioritise medical cannabis projects granted Major Project Status.

So, what does this mean? According to Minister Hunt, projects with this status will be given priority for medicinal cannabis licences through the Office of Drug Control (ODC) from the beginning of September. However, they’ll still need to meet all the criteria that other applicants must.

Mon
05
Aug

Medical cannabis debate: Australians left in pain by expensive and limited access to drug

It’s the world’s most controversial plant - cannabis. As more and more countries across the planet make it legal for both medical and recreational use, is Australia being left behind?

Medicinal cannabis was partially legalised in Australia for a limited number of illnesses in November 2016. But it’s very expensive, and only available to a fraction of the patients who potentially need it.

"As someone who was very against it, I would say that medicinal cannabis has not only saved my life, but it's given me life again," Ben Oakley tells Pete Evans.

Fri
02
Aug

Can THC and CBD ease your dog’s osteoarthritis pain? A study in Australia is hoping to find out

Australia-based CannPal Animal Therapeutics Limited plans to pursue stage two of its clinical study into the cannabis-based treatment of osteoarthritis in canines, with the first patient dosing expected to begin this month.

In a press release, the company detailed the perimeters of phase two, which will run for eight weeks and is double-blind, randomized and placebo-controlled. The focus will be dose determination for controlling inflammation and pain in dogs with osteoarthritis.

Fri
02
Aug

Boosting Australia’s medicinal cannabis industry

The Morrison Government will boost the nation’s medicinal cannabis industry by prioritising projects that have been granted Major Project Status (MPS) and ultimately driving economic growth.

MPS, managed through the Department of Industry is awarded to projects which will make a significant contribution in the areas of exports, jobs and industry development, particularly in rural and regional areas.

Minister for Health, Greg Hunt said this arrangement will give applicants with MPS, priority to medicinal cannabis licences through the Office of Drug Control in the Department of Health.

Wed
31
Jul

Australians importing hemp products should read this

Early this month, Australia’s Office of Drug Control updated guidelines for importing hemp products – what requires special permission and what doesn’t.

Changes to Australia’s Food Standard in late 2017 saw certain hemp seed products being permitted for human consumption – and this triggered a spike in interest in hemp foods. Like anything, not all hemp products are created equal and caution needs to be taken when importing such products in order not to fall afoul of related laws.

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