The Cabinet has reviewed the Medicinal Cannabis Industry Feasibility Study Report and has taken a significant step by approving the drafting of legislation concerning medicinal cannabis. This legislative work will take place in collaboration with the Office of the Solicitor-General and the Ministry of Health and Medical Services.
The feasibility study, carried out by PharmOut—an Australian firm—with the backing of the Australian Government and the Market Development Facility, has yielded a thorough report covering several key aspects. The report includes an analysis of the economic and market feasibility along with due diligence on essential laws, regulations, and relevant case studies.
Additionally, the feasibility study assessed operational and financial viability, addressing logistics, legislative frameworks, and the investment climate. It also provided strategic guidance regarding the legislative process, evaluated the potential benefits, and explored the socio-economic impacts of introducing medicinal cannabis in Fiji. Risk assessment has been included as well, focusing on the potential for illicit use and managing reputational risks associated with the industry.
This development reflects a growing recognition of the medicinal cannabis industry’s potential to contribute positively to the economy, enhance healthcare options, and promote responsible use through well-framed regulations. The alignment with expert input and governmental support suggests a thoughtful approach to harnessing this emerging sector for the benefit of the Fijian people.
In summary, Fiji is taking a proactive stance in establishing a legal framework for the medicinal cannabis sector, guided by comprehensive research and analysis, which could lead to economic growth and improved health outcomes in the country.
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