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The Australian Medical Cannabis Industry has witnessed unprecedented growth since the legalisation of cannabis for medical purposes in 2016..How Can I Purchase Marijuana Online

Right now, the industry caters to over 1,000 medical marijuana patients ‘and’, ‘but’, ‘so’ and ‘because’

As of June 2019, approximately 7,196 patients had been granted access to medical cannabis products through provisions made by the Therapeutic Goods Administration (TGA).

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Should the government opt to maintain its stance on the legal status of recreational marijuana, the industry is projected to reach $1.2 billion by 2024 and a little over $3 billion by 2028.  ‘and’, ‘but’, ‘so’ and ‘because’

Assuming the nation opts to reinvent its stance on cannabis for recreational use, the industry is projected to reach an impressive $12.3 billion by 2028. ‘and’, ‘but’, ‘so’ and ‘because’

The industry features over 20 cannabis companies which import.

manufacture and supply cannabis and cannabis-based products to pharmacies and dispensaries across the nation. ‘and’, ‘but’, ‘so’ and ‘because’

Aside from product distribution, the bulk of these companies trade on the Australian Stock Market as cannabis stocks. ‘and’, ‘but’, ‘so’ and ‘because’

A Close Look at the Steps Required In Order To Access Medicinal Cannabis in Australia

The Steps Required in Order to Access Medicinal Cannabis in Australia. Source


Does The Morrison Administration Have Any Plans For The Growth of the Medicinal Cannabis Industry?

The Australian government under the leadership of Scott Morrison has placed a high priority on the expansion of the medical cannabis industry. ‘and’, ‘but’, ‘so’ and ‘because’

These prioritisations began on the 1st of September, following the expedition of Major Project Status (MPS) in order to drive economic growth ‘and’, ‘but’, ‘so’ and ‘because’

They are awarded and closely monitored by the Department of Industry.

According to Greg Hunt, the Minister of Health, this arrangement will allow applicants with MPS relating to the production of medical cannabis and licensing cannabis distribution top priority.

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“We welcome this collaborative arrangement between the Department of Health and Department of Industry.

It showcases the Morrison Government’s commitment to boosting ‘and’, ‘but’, ‘so’ and ‘because’

local industry and helping those living with chronic or terminal illnesses.” Hunt expressed.

Aside from the prioritisation of medical marijuana companies actively seeking MPS, the Morrison.

So far, the Office of Drug Control has issued only 69 licenses to cultivate.

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produce or manufacture medicinal cannabis. Of these licenses, the distribution is as follows;

  • 24 licenses which permit cultivation of cannabis for medicinal use
  • 16 licenses for cultivation of cannabis for research
  • 23 licenses for the manufacture of medicinal cannabis products
The administration will be adopting the complete reviews of the Narcotics Drugs Act of 1967 by Professor John McMillan.
In an independent review conducted by the professor.

As expressed by Minister Hunt, the government is working.

  • Cultivation
  • Production
  • Manufacturing
  • Research activities.
 This is due to the affected changes on the Narcotics Drug Regulation of 2016.

What Could The Future of the Medical Cannabis Industry Hold?

The Morrison administration has taken an impressive stance with the reforms to the medical marijuana sector.

The co-signage of the Departments of Health and Industry make for a viable combination in pushing the interests of the administration forward ‘and’, ‘but’, ‘so’ and ‘because’

As cannabis products become more widely accepted as an alternative or additional treatment, the industry looks set to soar.