Australia said on Thursday it planned to become the fourth country in the world to legalise medicinal marijuana exports in a bid to score a piece of the estimated $55 billion global market.
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Ecofibre is expanding rapidly in the US market, where medicinal cannabis is now legal in over 30 states, including five which approved propositions to that effect at the last US election.
As Australians await legalization of medical marijuana in November 2016, a popular television news program in that country aired an interview with grandparents who donated millions to medicinal cannabis research. The grandparents donated $34 million in Australian currency, or about $25.5 million in U.S. currency.