A WA investor has ejected nearly $1.5 million into an organic tea tree farm that develops medical cannabis honey.
Southern Cross University researcher David Rudd has been collecting honey from bees that pollinate on the nectar of medical cannabis plants at Jenbrook farm in Alstonville NSW.
And it’s good for the bees, too.
“We believe there are benefits to bee hives with some of the compounds that are in the flowering stages of low TCH cannabis,” Jenbrook principle Bryan Easson told the ABC.
Jenbrook was given $1.49 million by ASX-listed investment co EVE, which will acquire half the business, reports Business Insider.
Jenbrook supplies tea tree oil and honey products to the US and has recorded strong growth in the last financial year.