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News analysis

Exit Tikun, another victim of Australia’s tight regulation and low medical sales

Written by || 4th August 2022 || News analysis | Cannabis – medical | GeographiesAustralasia Australia

One of the first companies involved in medical cannabis is the latest bankruptcy casualty in the volatile global cannabis market – citing slower than expected sales due to more rigorous than expected regulations.

Tikun Australia, formerly known as Medifarm, built a multi-million-dollar facility in the state of Queensland, where it was officially opened by then federal health minister Greg Hunt in August 2019. The company had planned to produce medicinal cannabis commercially in the first half of 2019, but Hunt said regulations had slowed the process.

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Lorraine Mullaney

Senior writer
Lorraine is responsible for writing news analysis and assisting with copy-editing. Lorraine is a copywriter and editor who has written and edited words for a wide range of audiences, from local community newspapers to consumer magazines and trade websites.

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