The Cabinet has recently reviewed the Medicinal Cannabis Industry Feasibility Study Report and agreed to proceed with the drafting of legislation regarding medicinal cannabis. This initiative will involve collaboration with the Office of the Solicitor-General and the Ministry of Health and Medical Services.
The Australian Government, alongside the Market Development Facility, has backed this project. PharmOut, an Australian firm, has been designated to conduct the feasibility study addressing both the nutraceutical and medicinal cannabis sectors in Fiji.
The report compiled by PharmOut offers a thorough analysis covering several critical aspects:
– Economic and market feasibility, including relevant laws and regulations, as well as case studies.
– Operational and financial viability, which examines logistics, legislation, and the investment landscape.
– Recommendations on legislation, as well as an evaluation of potential benefits and socio-economic effects.
– A strategic analysis and risk assessment focusing on potential illicit use and reputational concerns.
This positive step toward developing the medicinal cannabis sector may not only enhance the healthcare system but also create economic opportunities in Fiji. By establishing a legal framework, the government aims to harness the potential benefits of medicinal cannabis while ensuring a structured and safe approach to its implementation.
The exploration and potential acceptance of medicinal cannabis could lead to improved treatment options for patients and foster growth within the local economy, highlighting a progressive move toward modern healthcare solutions.
Leave a comment