29/9/17 Australian Medical Cannabis licence MGC Pharmaceuticals...

29/9/17
Australian Medical Cannabis licence

MGC Pharmaceuticals is applying for a medical cannabis growing licence during Q4 2016. Following recent changes to the Federal Narcotics Drugs Act, which regulated cannabis, the Australian Federal Government can now issue licenses to growers and regulate local crops of medicinal marijuana.
This process is overseen and managed by the Office for Drug Control in Australia. A growing license is a key plank of the Company’s Australian business plan and strategy to undertake clinical trials in Australia, in conjunction with leading medical institutions for various conditions and for development of medical grade products in Australia.
To fast track its operations, the Company intends to commence growing operations in Australia as soon as possible after receiving an Australian medical cannabis growing licence.

8 months for a license seems like a long wait. GMP is way overdue aswell. Seems like everything MXC does is well drawn out. Will be interested to see what is harvested (which should be imminent). 1000 sqm indoor and 5000sqm outdoor should equate to a lot of weed!