So Australia’s Federal government is going to legalise the growing of medicinal marijuana. It’s a very good thing that we finally can use this plant as medicine which has been used by peoples of the world for centuries. Auscann (the only Australian company to date) are one of the company’s who will benefit from this new legislation. Other company’s such as mining companies that aren’t doing so good can use their share holder register and capital to assist these company’s into the Australian stock exchange to get a head start into the industry. A failed exploring company Capital mining has done this. Auscann have hit the ground running by having a business already to go. Auscann directors, Mal Washer and Elaine Darby worked together in Australia’s Federal parliament when Dr Washer was an MP.
According to the ABC, in July of 2014 Dr. Washer (former Liberal party member) agreed with his former party’s opposition (labour party) on the push to legalise the use of medicinal marijuana. He is chairman of the newly formed Auscann.
Norfolk Island had a visit from Auscann who put in a proposal to grow, cultivate, export, import, and start an industry there. According to The Australian “the tricky politics of the deal are being championed by AusCann chairman Mal Washer, who championed medical pot in his time as a moderate Liberal MP”. Norfolk Island’s change of self governance has put an end to Auscann’s plans of using Norfolk Island so now they have turned to Christmas Island. Christmas Island only has an administrator and according to the SBS he is doing his bit to push hard for Auscann to be able to achieve this. Seems now that Norfolk Island will be the grow hub after all now that the Health department will be the acting regulatory body.
There is a couple of interesting points to this little story. Has Auscann gained some sort of insider knowledge to be able to set up a company just in time? Has some of the process caused a conflict of interest? Why are they the only Australian company set up? If you are a small business and would like to get into the growing market forget it. It looks to me that the same thing will happen to medicinal marijuana that is the case with big pharmaceutical drugs. The big companies will have a monopoly on it. Also is the Australian government legalising its use for the purpose of caring for the people or for the purpose of creating business for certain people and/or companies? The other situation is if you think it will be available for recreational use then forget that too. If it is made legal for recreational use the big companies will miss out on a large amount of revenue. Oh, and then of course there is the Trans Pacific Partnership (TPP) that will cause problems for average Australians if it is passed.