[26 August/NZ Herald]

Hikurangi Cannabis has been issued with a licence by the Ministry of Health which enables it to breed cannabis strains to be used in medicines. Co-founder, Manu Caddie, said it was an important milestone for the company, adding that being able to execute the business in Ruatoria was particularly special. Hikurangi Cannabis was the second company to obtain such a licence from the Ministry. Ms Caddie added the Government’s proposed medicinal cannabis bill would allow for the production of medicinal cannabis and sale in New Zealand. More than 1,500 local families invested $2.5 million through a crowdfunding campaign. Obtaining the licence caused a series of transactions for the company to access the funds raised. They were initially looking at two products including an oral syringe and topical balm. Imported products like Sativex cost as much as $1,000 but Ms Caddie hoped their products would halve that price.