Category Archives: australia

New Zealand sets ‘binding’ cannabis legalization referendum

A week after approving medical marijuana, New Zealand’s government announced that a binding referendum on ending cannabis prohibition will be held alongside the general election in 2020. If the prohibition is struck down, New Zealand would be the first Group of Twenty nation in Oceania – and the second in the region – to legalize […]

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 […]