Greenergy Holdings Inc., the listed holding firm of businessman Antonio Tiu, is optimistic after the Australian government’s recent landmark decision allowing over the counter sale of CBD or cannabidiol oil.
This bodes well for Greenergy which last year acquired a 50 percent stake in the Yakuru Group of Australia, a company engaged in the medical cannabis business, Tiu said.
CBD oil is derived from cannabis or marijuana and is used for medicinal purposes.
Tiu said Greenergy wants to be the first to bring in CBD oil to the Philippine market as soon as Congress approves a measure allowing the use of medicinal marijuana in the country.
“I invested in this project because I believe in its medicinal value. We are not into recreational marijuana, only for medicinal purposes,” Tiu said.
At present, the House of Representatives and the Senate are both pushing for the measure which also has the support of prominent personalities in the country including former president and House Speaker Gloria Macapagal-Arroyo.
“We want to be the first mover (of medical marijuana) in the Philippines,” said Tiu, who is also an advocate of eastern medicine, environment sustainability and green technology.
As soon as the Philippines allows the use of…
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Greenergy Holdings Inc., the listed holding firm of businessman Antonio Tiu, is optimistic after the Australian government’s recent landmark decision allowing over the counter sale of CBD or cannabidiol oil.
This bodes well for Greenergy which last year acquired a 50 percent stake in the Yakuru Group of Australia, a company engaged in the medical cannabis business, Tiu said.
CBD oil is derived from cannabis or marijuana and is used for medicinal purposes.
Tiu said Greenergy wants to be the first to bring in CBD oil to the Philippine market as soon as Congress approves a measure allowing the use of medicinal marijuana in the country.
“I invested in this project because I believe in its medicinal value. We are not into recreational marijuana, only for medicinal purposes,” Tiu said.
At present, the House of Representatives and the Senate are both pushing for the measure which also has the support of prominent personalities in the country including former president and House Speaker Gloria Macapagal-Arroyo.
“We want to be the first mover (of medical marijuana) in the Philippines,” said Tiu, who is also an advocate of eastern medicine, environment sustainability and green technology.
As soon as the Philippines allows the use of…
