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The Office of Drug Control (ODC) has given an infringement notice totalling $19,800 to Queensland-based company Cannatrek Technologies Pty Ltd (Cannatrek) for alleged breaches of its medicinal cannabis licence.
It is alleged that Cannatrek failed to meet its obligations under the Narcotic Drugs Act 1967 (the Act) by failing to notify the Secretary within the prescribed timeframe, of a transaction that results in, or a proposed transaction that will result in, a change to the type, name or number of shares that are held.
Licence holders must understand and comply with their responsibilities under the Act and all licence conditions.
Consequences for non-compliance with relevant laws include not only financial penalties but could also lead to civil or criminal proceedings being brought against those who fail to meet their obligations.
If you suspect non-compliance in relation to medicinal cannabis cultivation or manufacture, you can report illegal or questionable practices to the ODC via its online tip-off form.
Contact for members of the media:
- Email: news@health.gov.au
- Phone: 02 6289 7400