Australia Health Minister, Greg Hunt, on Thursday said Australia would export medicinal cannabis to other countries after the government approved cannabis exports, the spokesman said.“The regulation will be signed by the minister “shortly,’’ Hunt’s spokesman told dpa.
The federal government in 2016 legalised patient access to Australian-grown and manufactured medicinal cannabis, subject to state and territory regulations.
Victoria became Australia’s first state to legalise cannabis for medical use and was quickly followed by New South Wales.
The Federal Health Department said 350 patients have accessed Australian-grown medicinal cannabis products.
Hunt’s announcement sent medical cannabis producers’ stocks to new highs on the ASX.
The chief executive of Cann Group, Peter Crock, whose shares were up by about 28 per cent, said the export approval would allow the company to set up on a global scale.
“I think we are seeing there is a global shortage so there is going to be room for multiple players,’’ Crock said.
Source: PM News
