The Cabinet has reviewed the Medicinal Cannabis Industry Feasibility Study Report and has decided to move forward with drafting new legislation regarding Medicinal Cannabis. This process will involve collaboration with both the Office of the Solicitor-General and the Ministry of Health and Medical Services to ensure thorough and effective legal frameworks are established.
The Australian Government and the Market Development Facility have been instrumental in this initiative, providing support to the Australian company PharmOut, which has been tasked with conducting the feasibility study for the Nutraceutical and Medicinal Cannabis Industries in Fiji.
PharmOut’s comprehensive report covers several crucial areas: it examines economic and market feasibility, evaluates operational and financial viability, offers guidance on legislation, assesses potential benefits and socio-economic impacts, conducts strategic analysis, and performs risk assessments related to illicit use and reputational concerns.
This move towards establishing a legal framework for the medicinal cannabis industry in Fiji reflects growing recognition of its potential economic benefits. With careful planning and consultation, this initiative could significantly contribute to the nation’s economy and improve health services, making it a promising step forward.
In summary, Fiji is on a path to integrating medicinal cannabis into its healthcare and economic landscape, with meticulous planning in place to ensure responsible and beneficial implementation. This development not only aligns with global trends but could position Fiji as a leader in the region in this burgeoning industry.
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