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Analysis: For now, Australia's plans for cannabis market dominance are more smoke than fire

Reuters  |  SYDNEY 

By Colin PackhamSYDNEY (Reuters) - When Australia said this month it would allow exports of medicinal cannabis in a bid to dominate a global market set to be worth $55 billion by 2025, investors scrambled to buy shares in marijuana companies - pushing several of them, and the sector as a whole, to record highs. But convoluted and restrictive licensing demands, substantial finance requirements and a guarded medical profession means even Australia's largest marijuana companies are at least a year away from a commercial crop. And doubts linger about the prospects for smaller entities, belying ...

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First Published: Sun, January 14 2018. 09:03 IST
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