AusCann (ACNNF)

[OSOROJO]

This should help AC8 become profitable.... Aussie cannabis could soon be cleared for export, igniting new revenue streams for ASX-listed medical marijuana plays.

Currently only manufactured cannabis products are allowed to be exported from Australia under tight conditions. Exports of the raw material — the plants — are blocked to ensure Australian businesses and patients have first dibs.

But after the federal Office of Drug Control, prompted by health minister Greg Hunt, found “overwhelming support for allowing the export of medicinal cannabis products” in August, expectations for a policy change are high.