Vancouver, B.C., January 5, 2018 – MYM Nutraceuticals Inc. (CSE: MYM) (“MYM”) is excited to announce that Australia will expunge the export ban on cannabis products in February 2018 and allow the worldwide exportation of cannabis-based treatments such as oils, patches, sprays, lozenges and tablets. The Australian Federal Government has big ambitions for Australia to become the largest producer of medicinal cannabis products in the world.
Australia’s Health Minister Greg Hunt stated, “We would like to be, potentially, the world’s number one medicinal cannabis supplier. One of the conditions of any license for export is that medicinal cannabis be made available to Australian patients first. The sector is fully supportive of that. Australian patients come first. There are now no real government barriers at all to accessing medicinal cannabis.”
This is fantastic news for MYM since it has an Australian joint venture company, Solaris Nutraceuticals, that is currently in the assessment phase of the licensing process to build a 1.2 million square-foot greenhouse facility set to be the largest cannabis production facility in Australia. MYM expects that exportation of cannabis products from Australia will be big business and could even outstrip domestic sales.
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