Medicinal Marijuana given the Green Light.
As you may already know, our Health Minister Greg Hunt announced yesterday, companies will be permitted to apply to distribute cannabis oils and medications locally, establishing an immediate legal marijuana trade. News Corp Australia understands the government has been actively discussing the issue with half a dozen companies who are ready to distribute immediately.
Due to no available legal market in Australia, until now they were forced to import medicinal cannabis products from overseas or turn to the black market. Importation from overseas often meant cannabis products were unable to be received for months due to regulatory paperwork and compliance. Patients were also forced to obtain an importation permit for each specific importation from the Therapeutic Goods Administration.
So how does this effect the Industrial Hemp Industry in Australia?
The answer is very little and nothing for industrial hemp farmers.
However, surely now Hemp Foods, should get the Green Light too!!
Let’s see what happens in April.
Hemp Foods would be a very viable industry for our farmers here in Australia.