MediPharm Labs has opened Victoria’s first dedicated commercial medicinal cannabis processing facility.
The Canadian company will operate the plant, located at Wonthaggi in Gippsland, and will produce resin from up to 75,000kg of medicinal cannabis.
The plant will draw upon 50 cannabis growers, 30 in Victoria and 20 across the rest of Australia, and create value added products from the raw material by drawing together manufacturing, agricultural, and pharmaceutical expertise.
The opening of this plant comes as Victoria aims to supply half of Australia’s medicinal cannabis by 2028, with the potential to create up to 500 jobs.
According to MediPharm Labs Asia Pacific CEO, Warren Everitt, the site will provide a touchpoint for further entrants to into the market.
“In this watershed moment, MediPharm Labs is proud to be opening the first specialized cannabis manufacturing facility in the state of Victoria setting the gold standard for this new and exciting industry,” he said.