Colombian producer Foliumed has fulfilled its first export order for an Australian licensed producer in a move which founder and CEO Oliver Zugel claims will make medicinal cannabis more affordable and help it move from a niche to a mainstream treatment.

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Zugel said FoliuMed and other Colombian companies can cultivate and extract cannabis at less than 1/10th of the cost of producers in North American or Australia.

Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...