Exit Tikun, another victim of Australia’s tight regulation and low medical sales

One of the first companies involved in medical cannabis is the latest bankruptcy casualty in the volatile global cannabis market – citing slower than expected sales due to more rigorous than expected regulations.

Tikun Australia, formerly known as Medifarm, built a multi-million-dollar facility in the state of Queensland, where it was officially opened by then federal health minister Greg Hunt in August 2019. The company had planned to produce medicinal cannabis commercially in the first half of 2019, but Hunt said regulations had slowed the process.

...

Need help?

Contact a sales representative right now and don’t wait

Erik Galavis
+34 654 320 547
Email Erik

Pablo Sharrock
+34 722 642 678
Email Pablo

Restricted content. Do you want to read more?

Request report

Interested in buying?
Request more information

MORE INFO

Visit store

Check out our reports
available for purchase

VIEW REPORTS

Request a free sample of this report:

“ Exit Tikun, another victim of Australia’s tight regulation and low medical sales ”

    This file is not available, please fill the form to request your sample page:






    Buy report request information:

    “ Exit Tikun, another victim of Australia’s tight regulation and low medical sales ”






      One of the first companies involved in medical cannabis is the latest bankruptcy casualty in the volatile global cannabis market – citing slower than expected sales due to more rigorous than expected regulations.

      Tikun Australia, formerly known as Medifarm, built a multi-million-dollar facility in the state of Queensland, where it was officially opened by then federal health minister Greg Hunt in August 2019. The company had planned to produce medicinal cannabis commercially in the first half of 2019, but Hunt said regulations had slowed the process.

      ...

      Benefits of subscription plans:

      • Stay informed of any legal and market change in the sector that impacts your organization
      • Maximise resources by getting market and legal data analysis daily in one place
      • Make smart decisions by understanding how the regulatory and market landscape evolves
      • Anticipate risks in your decisions by monitoring regulatory changes that impact your organization

      Need help?

      Contact a sales representative right now and don’t wait

      Erik Galavis
      +34 654 320 547
      Email Erik

      Pablo Sharrock
      +34 722 642 678
      Email Pablo