australia cautiously enters
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Medical marijuana market

Australia cautiously enters

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Australia cautiously enters

Recreational marijuana use is illegal in Australia
Melbourne - Al Maghrib Today

At a secret location in Australia's southeast, Peter Crook delicately tends to a two-month-old cannabis cutting.

Barely knee high, it is one of about 50 government-sanctioned "mother plants" to be cloned for future generations of crops for the country's fledgling medicinal marijuana industry.

"I think we'll see Australia punch above its weight, both in agriculture research as well as medical technology," says Crook, the chief executive of Cann Group Limited, the firm granted Australia's first commercial grower's licence.

"As different conditions come online we are going to see the market grow rapidly."

Following Canada, Israel, and more than half the US states, who through varying approaches have legalised medicinal marijuana, Australia has signalled its intention for a homegrown industry.

But a patchwork of regulations that guard access for many desperate patients, and a lack of confidence among doctors in prescribing the drug, are acting as impediments.

While recreational marijuana use remains illegal in Australia laws passed last year permit medical use, with a dozen licences since issued, ranging from cultivation and research to manufacturing.

At least 10 sector-related firms have listed on Australia's stock exchange, while tens of millions of dollars has been pledged for clinical trials investigating treatment for conditions including epilepsy and relief for the terminally ill. 

Driven by a growing recognition of treatment for chronic pain, arthritis and migraines, the global market is estimated to reach US$55.8 billion by 2025 with the US, Canada and Israel leading the way, US-based analyst Grand View Research says. 

- 'Conservative government' -

But unlike those markets, which have liberal patient-access, Australia has a "very conservative government" that wants a regulatory framework in place up front, says Adam Miller, founder of medical cannabis start-up BuddingTech.

"They're doing things by the book so that when they have the evidence required to satisfy not only Australia's but other countries' governments, and medical bodies, they will be able to export those products to those countries," he added.

Last year, researchers at the University of Sydney estimated a legal domestic medical market would initially be worth more than Aus$100 million (US$75 million) a year.

Miller, who was drawn to the industry after researching alternatives for his seriously-ill mother, says unlocking the local market requires easing patient access and educating doctors.

But not at the expense of the pharmaceutical industry's integrity.

"Any new products that are going to be distributed to a large number of patients need to go through the same mechanism that any other drug would go through, and cannabis is no different," he says.

Doctors acknowledge the plant's potential in palliative care, epilepsy and spasticity but remain guarded in its broader use, citing limited scientific proof.  

"It’s been around since pre-history and if it was the panacea for a whole range of medical conditions it was claimed to be by some advocates, then we would have been using it for a long period of time,” says Australian Medical Association president Michael Gannon.

- 'Pretty angry pretty quickly' -

But for many, change is too slow.

Arielle Harding had her first epileptic seizure at 15-months-old. Suffering from about 100 a day, treatment with traditional drugs made things worse.

Her desperate parents recently tried small doses of Cannabidiol, or CBD, a non-psychoactive marijuana derivative in liquid form and Arielle, now five, shows few signs of her condition. 

"At first we were just overjoyed that that had happened but you also find that you get pretty angry pretty quickly, when you realise that we could have had this three years ago and what a difference that would that have made," her father Tim recalls. 

The legal CBD oil he purchases is not an elixir, but like thousands seeking cannabis treatment in Australia, Harding says he is unable to explore the drug further for fear of breaking complicated laws.

A 2015 Roy Morgan poll found more than 90 percent of Australians support legalising marijuana for the seriously ill, but advocates say it struggles for recognition because of its "demonised" past. 

"It is really important to realise that you can get the medicinal benefits from cannabinoids without necessarily being intoxicated," says Iain McGregor, academic director at the University of Sydney's cannabis research hub.

"We can actually pull apart the intoxicating recreational effects from the therapeutic effects, and again that allows doctors to prescribe with more confidence if it is a non-intoxicating cannabinoid." 

As attitudes change, encouraging more research, McGregor is optimistic about the plant's potential "to produce incredible therapeutics for a whole range of diseases that are currently very difficult to treat".

Source: AFP

almaghribtoday
almaghribtoday

GMT 10:09 2018 Friday ,19 January

Police raid France's Lactalis

GMT 14:20 2018 Thursday ,18 January

Suppressing a sneeze can be dangerous

GMT 12:23 2018 Wednesday ,17 January

Populists target vaccine decree

GMT 12:39 2018 Tuesday ,16 January

Lactalis feels heat as families rebuff

GMT 12:01 2018 Monday ,15 January

Embattled dairy chief breaks silence

GMT 11:26 2018 Sunday ,14 January

One separated Gaza twin dies

GMT 11:31 2018 Saturday ,13 January

France laments 'dysfunction'

GMT 09:22 2018 Friday ,12 January

Cancer shatters gay marriage dreams
Almaghrib Today, almaghrib today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

australia cautiously enters australia cautiously enters

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

australia cautiously enters australia cautiously enters

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 08:52 2012 Monday ,09 July

QFCRA joins global insurance supervisors

GMT 09:27 2013 Wednesday ,02 October

Sound of explosions heard in south Lebanon

GMT 22:27 2015 Wednesday ,08 July

Amendments to income tax law on Sisi's desk

GMT 12:01 2012 Wednesday ,18 April

Hasek admits his side failed

GMT 03:09 2015 Thursday ,12 February

GCC stock market closed Wednesday

GMT 06:09 2015 Thursday ,23 April

Samples taken from Nile water tested negative

GMT 23:09 2017 Friday ,03 March

Ancient tree cultivation shaped Amazon landscape

GMT 00:55 2012 Thursday ,08 March

Sharapova gunning for another final

GMT 10:00 2011 Saturday ,18 June

Israel sentences dog to death

GMT 17:53 2015 Thursday ,26 February

Gaza hit by severe shortage of medical supplies

GMT 11:02 2011 Tuesday ,16 August

Caffeine could prevent skin cancer

GMT 09:00 2018 Wednesday ,17 January

22 million Yemenis now in need of aid: UN

GMT 21:58 2013 Friday ,19 April

Al Sadd SC wins Qatar Stars League Title

GMT 09:25 2016 Tuesday ,25 October

16 dead in heavy bombardment on Syria's Idlib

GMT 11:28 2016 Friday ,02 September

5.0-magnitude quake hits 15km north west of Uto, Japan

GMT 15:31 2017 Friday ,23 June

Actor Teem Al Hassan denies difference

GMT 01:31 2013 Friday ,13 December

How to stay safe while shopping online?

GMT 10:39 2016 Tuesday ,13 September

Kane backs Tottenham in Champions League opener

GMT 21:39 2017 Saturday ,25 February

Al Ahly urges to hold Champions games

GMT 20:20 2017 Wednesday ,08 November

World's richest turf contest hikes prize money

GMT 15:28 2017 Saturday ,16 September

Canada climate minister pushes for Paris accord progress
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday