Queensland firm Medibis has delayed plans to build a A$180m manufacturing facility blaming tough market conditions and GP reluctance to prescribe medicinal cannabis.

The company raised A$1.8m in crowdfunding from more than 900 investors in 2021, with plans to launch a range of cannabinoid formulations and eventually build its own facility near Toowoomba.

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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...

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