Sep 2019

A POSITIVE STEP FORWARD FOR MEDICINAL CANNABIS REGULATION IN AUSTRALIA

A report into the Narcotic Drugs Act (ND Act) has recommended several changes to medical cannabis regulation in Australia.

The report, compiled by Australian National University Professor John McMillan and commissioned by Health Minister Greg Hunt, put forth 26 recommendations aimed at improving the regulatory framework for cultivating, producing and manufacturing medicinal cannabis.

One of the key recommendations is to simplify the current licensing regime of multiple separate cannabis production licences, to a single licence scheme, which would reduce the regulatory burden on both the administration and businesses within in the industry.

The report also questioned if cannabidiol (CBD) should be classed as a drug. According to the World Health Organization, in humans, CBD –  the non-psychoactive cannabinoid found in the cannabis plant, “exhibits no effects indicative of any abuse or dependence potential”.

Read the full report here.

One of ANTG’s proprietary medicinal cannabis strains, EVE Cannabis Indica, has been listed on the Australian Register of Therapeutic Goods (ARTG). The ARTG is a reference of therapeutic goods that can lawfully be supplied in or exported from Australia.

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In conjunction with the HMRI and lead biomedical scientist Dr Matt Dun, we’re investigating the anticancer properties of our plant varieties. Dr Matt Dun shares his initial thoughts on the joint research project.

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What’s most important in business – purpose or profit? At ANTG we get to achieve both.

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We are focused on research and development, partnering with leading scientists and medical institutions to develop cannabinoid medicines that offer safe and effective therapeutic benefits.

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