And no i dont think this has any bearing on THC getting an Australian Cultivation licence and if anything will help the Company when they are ready to apply for a Manufacturing licence and facility if they have a deal to use phoenix's systems or are just refining CBD and THC and shipping it to America for production there.
The next licence they have applied for is a Medical Cannabis cultivation licence which is not necessarily just for research. It isnt limited to one project but you can only grow what you can demonstrate is for a approved purpose. You cant grow 10 000kgs trying to corner the market.
"A
medicinal cannabis licence authorises either cultivation (the growing of cannabis plants) or production (the separation of cannabis and cannabis resin), or both. A cultivator may cultivate for both medicinal purposes and related research purposes, but they will need to hold licences and appropriate permits for each.
A
cannabis research licence authorises the cultivation and/or production of cannabis for research related to the medicinal use of cannabis. In order to obtain a cannabis research licence, an applicant will need to explain the purpose of the research and how it relates to medicinal cannabis and/or medicinal cannabis products. See the
forms and guidance section of the website for further guidance on research activities.
ODC will not be able to grant a medicinal cannabis licence unless it is satisfied that the cultivation and production of cannabis is for supply either to a person licensed to produce cannabis or a person licensed to manufacture medicinal cannabis products. In practice, this may mean the applicant demonstrating that they are known to the producer/manufacturer and that producer/manufacturer is willing to enter into contracts for the supply of cannabis raw material."
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