Medical marijuana: Zelda Therapeutics and legalising cannabis in Australia

CHICO Ryder was just 10 when he was diagnosed with a rare form of soft tissue cancer.

The debilitating side-effects left him constantly nauseous or vomiting, with fevers, infections and nerve damage to his legs that put him in a wheelchair.

His symptoms were relieved by cannabis oil, supplied by the parent company of Zelda Therapeutics, which now hopes to run clinical trials in Australia.

Aussie co-founder and stem cell scientist Stewart Washer told news.com.au the firm’s work could bring millions into the economy, and it’s just one of many falling over themselves to cash in on what is potentially a multibillion-dollar industry.

While Chico, from Manchester in England, is getting help from Zelda’s parent company in Los Angeles, the medical marijuana debate is heating up in Australia. TheFederal Government legalised it in March, and Queensland yesterday introduced laws allowing its widespread use in the state....

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