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It is difficult to navigate, however in general the medicinal...

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kipper57

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19/01/20

10:21

Post #: 42456308
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Originally posted by dontfollowme: ↑

Back to the real topics:
Earlier this month, stockbrokers Morgan’s summed up the state of play, “We view the
medical cannabis industry as a crowded trade and difficult space to navigate in the current
regulatory environment. Low levels of differentiation, slow moving regulation, weak clinical
evidence of efficacy, and expensive treatment costs compared to [Pharmaceutical
Benefits Scheme]-covered medicine makes it a slower moving proposition compared to
traditional drug assets.”
Market response also slowed with the decline in perceived value of licences following a
rash of issuance: at October 31, 2019 the Federal Office of Drug Control had issued 18
medical cannabis licences, eight cannabis research licences, 21 manufacture licences,
and 22 importation licences.

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It is difficult to navigate, however in general the medicinal cannabis industry appears to be turning from a bearish mode to bullish across the board which is good to see.

AC8 Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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