Category Archives: australia

Owner of Australian Smoke Shop Chain Imprisoned for Selling Synthetic Weed

Residents of Western Australia’s capital city Perth have grown accustomed to the Cloud 9 smoke shops dotting the metropolitan area. Some passersby may even remember when Cloud 9 came to national media attention after a series of shop raids in 2015 and 2016 turned up large quantities of synthetic cannabinoid products. Now, after a lengthy […]

Medical marijuana firm raises $15M ahead of Australian Stock Exchange listing

An Australian medical marijuana company raised $20 million Australian dollars ($14.6 million) in its initial public offering and will begin trading Friday on the Australian Stock Exchange. Melbourne-based Althea Group will use the proceeds to fund a cannabis production facility, the Australian Associated Press reported. The company sold its shares for 20 Australian cents apiece, giving […]