A recent article from the business newsletter Small Caps really underscores how curious the cannabis issue has become. The Australian company, Queensland Bauxite, is integrating medical cannabis into its corporate platform and has snagged a plum import/export license from Australia’s Office of Drug Control.
Mining is among the largest sectors in Australia’s economy with coal being the surprising #1 mineral mined. Most coal is exported to China. Bauxite is the principal ore of aluminum and Australia is the largest producer of alumina in the world.
But Australia is very ecology-minded and it is not surprising that mining companies might want to diversify to protect themselves in the future. Queensland Bauxite has made a dramatic statement of where it sees the future heading.
You can read the complete article here: https://smallcaps.com.au/queensland-bauxite-medical-cannabis-import-export-licences-office-drug-control/