Why the Australian cannabis industry is smoking hot right now

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Why the Australian cannabis industry is smoking hot right now
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Most medicinal cannabis consumed in Australia is imported from overseas, but the industry is hoping that is about to change.

Confidence in the future of Australia's domestic cannabis market has companies spending big.

However, many of these rules and regulations are being streamlined according to Josie Hamlett, the compliance and logistics officer at Tasmanian Botanics."We definitely have a lot of hoops to jump through, working in the industry that we do … particularly in some cases when federal and state legislation doesn't align," she says.

Although the use of medicinal cannabis is growing in Australia, most cannabinoid products aren't recognised as therapeutic goods by the TGA. "[Medical professionals] haven't gone through that usual path of learning about how cannabinoids work, what you prescribe them for, how you prescribe them, what you should be monitoring for in terms of adverse events and side effects," she says.However, Dr Bonomo says change is coming.

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