2 medicinal cannabis companies are expected to open at Australian drug store outlets this week.
1,400mg, 700mg and 800mg of cannabis are expected at two locations, and 800 mg is expected at one location.
The opening of the medicinal cannabis company at the Coles in Adelaide will be the first time a licensed manufacturer is opening an Australian retail store.
It will be an opportunity to provide access to a product that was previously available only at health care facilities.
The company that has won the most votes in the Australian Cannabis Industry Association (ACIA) poll, the Australian CBD Company, is the first of the four to be licensed to sell cannabis.
The company has a market capitalisation of about $1.5 billion and has been operating since 2016.
The CBD Company is selling medicinal cannabis oil capsules in the CBD at the Melbourne CBD dispensary.
A spokesman for the company told the ABC that the CBD Company was not in a position to open its first Australian retail outlet, but was open to discussing other opportunities.
“It’s a great opportunity for our company to be able to sell to Australian consumers at the right time in the right place,” he said.
“We are excited to be here and to provide our customers with the product they need at the best price.”
The CBD Co-Op said it has been in the market for more than a decade to supply cannabis products, but this was the first step in its journey.
“We are looking at other opportunities for cannabis distribution, including opening new retail stores and establishing a wholesale business,” the company said in a statement.
“The CBDCo-Op has a long history of supplying cannabis to a wide range of consumers including doctors, healthcare providers, pharmacies, hospitals, pharmacies and health food businesses.”CBD Co-op will be selling its product in capsules at the new Coles store at the corner of Victoria Avenue and Bondi Road in Adelaide.
The Melbourne CBD CBD Co and its partner, the South East CBD Co, have a joint venture.
Both the CBD Co’s CBD Company and South East Co’s South East Company have been operating for about a decade, providing products to Australian medical cannabis patients.
The new Colas store at Victoria Avenue is expected to be fully operational by March 3.