Australian Firm Eyes California Medical Marijuana Market
Another recently formed company based in Australia is aiming to get a piece of the American medical marijuana market, and this one also hopes to get listed on the Australian Stock Exchange.
RxMM Health, which is based in Perth, was created by Boston Securities Group on behalf of an American and Australian consortium in November. The new firm intends to supply the Californian market with pharmaceutical-grade medical cannabis.
Strategically, RxMM plans to establish a vertically integrated “Farm to Pharma” business model, according to its website, with operations across the supply chain, including cultivation, product development, and distribution in regulated