Does Canada Have What It Takes to Be a Leader in Medical Cannabis?

There are thousands of people across the world with chronic diseases and illnesses that could be treated to a very high degree of success with medicinal cannabis. Way back in 2001. when Canada took the first steps towards legalizing medicinal marijuana, they also became one of the first countries in the world to make such a move and make chronic diseases a more manageable problem.

In fact, Canada today has one of the most, if not the most sophisticated medical cannabis framework in the world. In 2016 alone, $150 billion was spent in the marijuana industry, and for comparison, Canada’s crude oil exports totaled at around $50 billion for the same year.  More than 167,000 people in Canada are dependent on the quality of domestic cannabis products to ease their symptoms in PTSD, epilepsy, cancer, different types of chronic pain and more.

Almost 100 years ago when Sir Frederick Banting discovered insulin, Canadians were not the ones unwilling to share a medical breakthrough with people dying of high sugar level, liver failures and other symptoms. Hopefully the same will be true of Canada’s cannabis producers.

To effectively seize this opportunity, Prime Minister Trudeau said the federal government should take the following three steps:

  • Mandate Health Canada to address existing limitations under the ACMPR, including production and expansion limitations, so that licensed producers with export capabilities can more readily provide products to growing international markets
  • Convene an expert roundtable of licensed producers, researchers, and market analysts to develop a global export strategy specific to medical cannabis and to Canada as a leading biotech exporter of safe, high-quality medical cannabis products
  • Begin including representatives of the medical cannabis industry on future trade missions, particularly in areas such as the European Union, Latin Ame, ica and the Asia-Pacific region

Prime Minister Trudeau has said more than once that his government’s mandate is “to build an innovation agenda that will create jobs and drive long-term economic growth.” and we surely hope it will do so.

Source: HuffPost

 

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