Tasmania’s minister for state growth Michael Ferguson has welcomed Tasmanian Alkaloid’s job-boosting new medical grade cannabinoids operation, which officially opened in Westbury yesterday.

The new facility can extract 90 tonnes of raw material each year, which translates to around nine million bottles of medical cannabis.

The Tasmanian Government supported TasAlk’s expansion into medical cannabis with a A$10m loan to help fund the new facility.

Ferguson said: “We are proud to support the company as it looks to establish itself as the largest fully commercial and licensed medical grade cannabinoids operation in Australia.

“This new venture is a clever move with the growing demand for medical grade cannabinoids in treating conditions where conventional treatments have failed.”

Ferguson added the facility would bring jobs to the region and help with Tasmania’s post-Covid-19 recovery. TasAlk currently employs 140 staff.

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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