The Cabinet has recently reviewed the Medicinal Cannabis Industry Feasibility Study Report and has endorsed the drafting of legislation concerning medicinal cannabis. This initiative will proceed in 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 played a pivotal role in this development. PharmOut, an Australian company, was appointed to conduct the feasibility study for both the Nutraceutical and Medicinal Cannabis Industries in Fiji.
PharmOut’s extensive study has yielded a comprehensive report covering several key aspects:
– An evaluation of economic and market feasibility, including relevant laws, regulations, and case studies.
– Assessments of operational and financial viability, focusing on logistics, legislation, and the investment climate.
– Recommendations for legislation, along with an analysis of potential benefits and socio-economic impacts.
– Strategic insights and risk assessments related to illicit use and reputational concerns.
This movement towards establishing a medicinal cannabis framework in Fiji presents an opportunity for economic growth and enhanced health care solutions. As the legislation progresses, it may lay the groundwork for increased investment in the health sector, potentially leading to job creation and improved medical treatments for patients.
By consulting with legal and health authorities, Fiji is ensuring that this industry develops responsibly and sustainably, maximizing the potential benefits while minimizing risks.
Leave a comment