September 30, 2026

Chinese-owned firm takes over one of Australia’s largest cannabis farms

 Chinese-owned firm takes over one of Australia’s largest cannabis farms

Despite the takeover of the cannabis farm north of Hobart, the chief executive of Tasmanian Botanics says it is “business as usual” for staff and customers.

One of Australia’s largest cannabis cultivators is now almost entirely owned by Chinese-owned firm Yongji Health.
Company documents show Yongji, a subsidiary of a Guizhou-based company, has taken fu…