Australia

Wed
17
Jul

Study finds that treatment for cannabis use disorder is... cannabis

A new Australian study published in JAMA Internal Medicine has found that medical cannabis can potentially help treat addiction… to cannabis.

Researchers found that a combination of cognitive behavioural therapy (CBT) and nabiximols (trade name Sativex) — an oral spray derived from the cannabis plant containing a 1:1 ratio of cannabinoids THC (the psychoactive, intoxicating component of cannabis) and CBD (a psychoactive but non-intoxicating component) — assisted in reducing the number of days patients with cannabis dependence consumed the drug by approximately 40 per cent compared to those in the placebo group.

Fri
12
Jul

THC Global racks up another Australian Cannabis Licence

THC Global (ASX:THC) announced on Tuesday subsidiary THC Pharma Pty Ltd has been awarded a Manufacture Licence from the Australian Office of Drug Control.

This licence is in relation to its facility in Southport, Queensland. CEO Ken Charteris claims it is the most significant licence granted in Australia so far as the company has the largest bio-pharma extraction facility in the Southern Hemisphere. Product validation activities at the Southport Manufacturing Facility are expected to be completed in the final quarter of this year.

Thu
04
Jul

Five-year-old ‘hallucinated’ after Australian cafe allegedly sold family cannabis brownie

Two children were hospitalized, with reports that one hallucinated, after allegedly eating a cannabis-laced brownie at a local cafe in Western Australia, leading to charges for the cafe’s owner.

Perth council has charged the owner of Bada Bing cafe in the city with selling “unsuitable food” after brownies at the cafe tested positive for THC, the psychoactive component of cannabis.

Wed
03
Jul

The kids who changed the medical marijuana debate

As the debate around the positive benefits of medical cannabis now touches most corners of the globe, few things have had as major an impact in getting the conversation this far as parents telling the stories of their children living a better quality of life thanks to cannabis.

Wed
03
Jul

Aleafia Health secures Health Canada permits to export cannabis products to Australia

Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF, FRA: ARAH) (“Aleafia Health” or the “Company”) has received multiple Export Permits (the “Permits”) from Health Canada, which allow the Company to begin its first international cannabis product shipment. The Company expects to ship its branded medical cannabis oils in the next month, which will be distributed by Australian Licensed Producer CannaPacific Pty. Limited (“CannaPacific”). Aleafia Health owns a 10 per cent equity stake in CannaPacific.

Wed
26
Jun

Australia: Game on… NSW Bar Association says it’s time to decriminalise Ice & other drugs

The NSW Bar’s Submission to the Special Commission of Inquiry into the Drug “Ice” and signed off by President Tim Game SC states , “It is the position of the Association that consideration should be given to decriminalisation of personal acquisition, possession and use of illicit drugs, with increased focus on treatment and harm reduction measures. There should also be encouragement of diversionary measures for minor matters that remain criminalised.”

Tue
18
Jun

First ever medical cannabis trial for PTSD Vets commences in Australia

Post-traumatic stress disorder is a nasty condition that affects many people. Those who suffer most are often army veterans who have served on tours; fighting to protect the safety of others.

Tue
18
Jun

Will Australia become Asia's 'clean green' medicinal cannabis supplier?

From powdered milk to multivitamins to fresh fruit, Australian and New Zealand products command a health premium in Asian markets but can the medical cannabis industry leverage this 'clean green' image and follow suit? 

Cann Group (ASX: CAN) CEO Peter Crock believes they will, and this was a driver for the company securing a 20 per cent stake in Auckland-based Pure Cann in April.

"New Zealand are on the verge of getting a medical cannabis legislation through that's expected to be in September this year," Crock tells Business News Australia.

"They're going to have legislation put in place that will allow for an industry to be established in New Zealand - we see that as an opportunity as we'd always expected to service the Asian region."

Wed
12
Jun

Australia’s Creso Pharma to be acquired by Canadian cannabis company

Australian cannabusiness Creso Pharma (ASX:CPH) has inked an agreement with Canadian cannabis company PharmaCielo Limited (TSXV:PCLO) recommending the former be acquired by the latter.

Announced on Friday, Creso says the acquisition would result in a vertically integrated supply chain as PharmaCielo is engaged in cannabis cultivation, production and extraction.

Creso develops products in five key categories: therapeutics, nutraceuticals, animal health, lifestyle and topicals. Among its animal health products is Anibidiol, based on CBD.

Tue
11
Jun

Tokyo Olympics next year: Faster, stronger, but not higher

The famous Olympic motto is Faster, Higher, Stronger. Next year in Tokyo, it could be shortened to only "Faster and Stronger." Higher is out.

That was part of a warning on Tuesday from Toshiro Muto, the chief executive of the Tokyo Olympics.

Cannabis has been legalized in some parts of the world, but Muto reminded potential visitors to the games that the substance is against the law in Japan.

Muto said at a news conference that at least one member of the executive board brought up the issue at a meeting.

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