WA medical marijuana firm leases US crop

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A West Perth-based medical marijuana company has leased part of a US crop so it has skin in the game when it seeks cultivation licences in California.

RxMM Health chief executive Ross Lyndon-James said the pilot program would position the firm to bid for licences in 2018.

“To be eligible, you have to have been in production and growing and selling by the end of last year. If you weren’t, you couldn’t apply for a licence, so we’ve been able to `grandfather’ ourselves in,” Mr Lyndon-James told AAP.

RxMM Health is currently raising capital ahead of plans to backdoor-list on the ASX this year.