Australia: Medical Cannabis Market Is Still Pot Luck

Big-party support for a motion to legalise dope, introduced into parliament by the Greens?

Anyone convinced of that scenario a few years ago would have been accused of, well, smoking something. But that’s in effect what happened with the Narcotic Drugs Amendment Bill 2016, which opened the way for medicinal-grade cannabis to be made available to patients.

The bill, which proposes a licencing regime for both production and research — was similar to a 2014 bill introduced by Greens senator and future leader Robert Di Natale.

The swift passage of the bill was made all the more easier by public acceptance of medical cannabis, which has transcended its reputation as a hippy cure to a globally accepted treatment for maladies including epilepsy, AIDS/HIV (appetite stimulation), chemotherapy (nausea), multiple sclerosis and even anxiety and depression.

As if the cause needed more momentum, financial services magnate Barry Lambert pledged $33 million to...

e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 
Region: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.