$160m Kiwi cannabis export deal to USRNZ The Government has opened the door to a medical marijuana industry being established in New Zealand. New Zealand's only large scale medicinal cannabis grower has inked a $160 million conditional deal to supply a United States manufacturer. Under the deal Ruatoria-based Hikurangi Cannabis will send three tonnes of cannabidiol extracts, THC extracts and whole cannabis flowers to Seattle-based cannabis brokerage company Rhizo Sciences next year and up to 12 tonnes by 2021. That will allow Hikurangi to grow and export medicinal cannabis commercially. SUPPLIED Hikurangi Cannabis managing director Manu Caddie says medicinal cannabis exports could be comparable to kiwifruit and dairy in value.

Source: Stuff February 23, 2018 02:37 UTC