Recently, it was revealed that a young Australian company called AusCann Group Holdings is set to grow and export medicinal cannabis to Canada from Norfolk Island, an Australian territory that recently lost the right to self governance.
This landmark announcement comes just after the approval of new government legislation that will replace Norfolk’s independent parliament with a local council. Although some argue that Queen Elizabeth granted the territory independence and therefor this should not be possible, islanders will be governed under the Australian welfare and taxation system by the end of June 2015.
AusCann Group Holdings is actually the second company to gain approval for a cannabis-growing business on Norfolk Island, but the first group’s deal was overturned because of concerns over a lack of safety and security.
AusCann, however, has reportedly combated these concerns with solid plans for security and safety in crop containment and cultivation. The private enterprise enlisted the help of Lockforce International, a multinational security firm to ensure all possible concerns have been addressed. Additionally, the island’s natural barriers will help keep crops safe.
Norfolk’s health minister and other community leaders are working with AusCann to monitor cannabis growth and enforce adequate security standards. Many of the island’s inhabitants are excited to work with the new company because of job prospects and projected economic growth. As Elaine Darby, the managing director of AusCann explained:
“This Australian-first project has the full support of the Norfolk Island community and is expected to generate much-needed revenues via an export fee and employment.”
AusCann intends to ship one ton of high-quality sativa strains to Canada in its first year and as much as 10 tons by 2018. This new multi-million dollar export stands to greatly benefit the community on an economic level while benefiting Canadians on a holistic one.
To ensure top quality product is cultivated, AusCann hired a world-renowned medical cannabis breeder named Nevil Schoenmakers. With the colorful history of a man who knows what he’s doing, Schoenmakers is well known in medical cannabis circles as a skilled grower and guru. The company has a business plan that centers on world-class operations. Completely compliant with United Nations and Australian regulations, AusCann stands to make great contributions to medical cannabis and the local economy.
At the moment, the company will remain private. AusCann has 26 shareholders, but it will consider moving into the public sphere at the end of the year. Australia is now set to add a new profitable cash crop to its list of exports, and locals hope this will expedite the legalization of medicinal marijuana in their own country as well.