Pharmaceutical-grade medicinal cannabis 'global shortage' to be met with Australian product

August 20, 2019by Lucky Leaf shop
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An Australian medicinal cannabis company is working to address a global shortage of pharmaceutical-grade product, reducing cost and improving access at the same time.Buy weed online Sydney where to buy cannabis online Perth order marijuana online Australia marijuana near me Australia Online Cannabis Dispensary Australia

Key points:

  • THC Global has been granted licence by the TGA to produce pharmaceutical grade cannabis
  • The move is predicted to mean Australian-produced medicinal cannabis will become more affordable
  • Figures suggest there are at least 200,000 patients in Australia eligible for high-grade medicinal cannabis products

The federal Therapeutic Goods Administration’s Special Access Scheme, which authorises approved doctors to prescribe medicinal cannabison a patient by patient basis, has been operational for just over two years in which time Australian demand has continued to grow.
More than 3,100 scripts had been approved by the TGA from March 2018 to January this year but the industry has claimed that number has since risen to just under 9,000.
Associate professor Dr Vicki Kotsirilos from the Royal Australian College of General Practitioners — the first authorised GP prescriber of medicinal cannabis in Australia — said national demand for medicinal cannabis was currently almost entirely supported by imported product.
“The earlier products have been imported products because these products were being used widely overseas before Australia,” she said.

Publicly listed Australian company THC Global is aiming to change that after it was this month granted a licence by the TGA to produce pharmaceutical grade cannabis at a property in Bundaberg, Queensland.
Group Chief Executive Ken Charteris said Bundaberg was the perfect environment to commence production.
“We’ve now got the complete suite of licences that includes growing and development of plants all the way through to an active medicine for the Australian market initially and obviously to export,” he said.Buy weed online Sydney where to buy cannabis online Perth order marijuana online Australia marijuana near me Australia Online Cannabis Dispensary Australia
“Right now there’s a shortage globally for pharmaceutical GMP produced product.
“We’re really at the forefront with the capacity growing plants here to meet the shortage and forecast shortage for the next several years of high-grade, good manufacturing practices”.

Rapid growth in demand to be met by unique strain

The industry has claimed Australian Government figures suggested there were at least 200,000 patients who should be eligible for high-grade medicinal cannabis products.
Mr Charteris said Australian demand had started to catch up to that seen on the international scale.
“Canada now has over 350,000 patients, Israel is in excess of 35,000 patients for a population of eight million,” he said.

“The numbers for Germany and Europe are in the millions. Here in Australia it’s developing really rapidly”.
He said there had already been international interest in the unique breed being grown in the region.
“We’re totally geared up to meet export needs globally because we are doing good manufacturing practices certified product and that will be going to various parts of the world including Europe and ASEAN nations,” he said.
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The company’s manager of cannabis strain development and agronomy John Hall said the Bundaberg crops had been bred to have higher levels of cannabidiol (CBD) which had no psychoactive properties.
“It’s technically an industrial hemp plant still because their THC is below 1 per cent but we’ve been able to quadruple the CBD content,” he said.Buy weed online Sydney where to buy cannabis online Perth order marijuana online Australia marijuana near me Australia Online Cannabis Dispensary Australia
“We will extract the CBD and produce an oil with all of the CDB and with a very small amount of THC”.

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