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One of Australia’s most lavish homes could become a cannabis farm

One of Australia's most lavish estates could soon become a giant cannabis farm after it goes under the hammer next weekend.

The sprawling Bellagio La Villa property in the Gold Coast hinterland, which would look right at home in a James Bond movie, is up for auction on February 25.

It is understood a large commercial medicinal cannabis operation is among the potential buyers for the 49-hectare property, with four bidders registered 10 days out from the auction.

An Australian pharmaceutical company with major interests in the emerging industry, which is forecast to generate $ 28 billion in taxes over a decade for governments, reviewed the property and is expected to compete for it.

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