OCT. 29, 2018 - AUSTRALIAN CANNABIS INDUSTRY SET TO BOOM
About seven people a day
are being approved for medicinal cannabis as new research suggests
the $18 million industry could be worth billions within a decade.
Access to the drug is
still severely restricted two years after its medicinal use was
legalised nationally but a new online application system has
increased approvals in recent months.
The Therapeutic Goods
Administration approved 469 applications for the drug under the
Special Access Scheme between August and September. That’s up from
just 97 between January and February.
The TGA notes it is
unable to calculate patient numbers accurately and it’s possible
for one patient to have multiple applications approved. Regardless,
the industry is expected to boom in the coming years, exciting the
medicinal cannabis pharmaceutical sector, advocates and patients who
have converged on Sydney this week for the CannaTech conference.