cbd australia

Cbd australia

“Now the challenge is the process of proving [the anecdotal evidence] … to list the medicine with an objective claim,” says Huppert. “It usually takes years and millions of dollars to bring a drug to market.”

CBD, a compound found in cannabis that does not have psychoactive effects, is now legal to sell over the counter. But don’t expect to find any in your local pharmacy yet. Photograph: Anatoliy Sizov/Getty Images/iStockphoto

CBD, a compound found in cannabis that does not have psychoactive effects, is now legal to sell over the counter. But don’t expect to find any in your local pharmacy yet. Photograph: Anatoliy Sizov/Getty Images/iStockphoto

“Y ou can have as much whiskey as you like, but there’s no whiskey available,” says Prof Iain McGregor, psychopharmacologist and academic director of the Lambert Initiative for Cannabinoid Therapeutics, when asked to describe the rules around CBD in Australia at the moment.

But those afflicted with pain, anxiety or simple curiosity looking to buy CBD would have received a disappointing response from their pharmacists this week. While the substance itself is hypothetically legal, no product containing it has been approved by the Australian Register of Therapeutic Goods (ARTG) – a requirement of sale.

Last modified on Sat 6 Feb 2021 19.02 GMT

Though ARTG registration is a high hurdle, there are huge potential earnings on the table. The director of Southern Cannabis Holdings, Tim Drury, believes the over-the-counter market for CBD oil will “exceed $200m per annum”.

“We’re filling the gap of 70 years of prohibition where there was no research,” says Tommy Huppert, the CEO of Cannatrek, an Australian cannabis grower and manufacturer. Huppert’s company has just inked an exclusive supply deal with Chemist Warehouse, though what exactly it will supply remains to be seen. “Everyone’s really racing to get the product to market. What sort of mountain will we have to climb? Is it going to be weeks? Months?” he wonders.

“Now we have approval, but in order for companies to get these products to market they have to … show that the product is safe, but also efficacious.

Advocates say medicinal cannabis offers effective relief when other treatments are failing. But Australian guidelines say there's limited evidence to support its use.

So far, big pharmaceutical companies have not shown significant interest in low-dose CBD. They may not be sure low-dose drugs will be recommended by doctors, or be waiting for more research. They may not judge CBD to be a potential blockbuster compared with other therapies in their pipelines.

What's the evidence for medical marijuana?

Getting a medicine to market in Australia, even a non-prescription one, requires extensive research and investment. It might be too much for small cannabis producers to take on, and a turn-off for big pharmaceutical companies if that investment is at the expense of upcoming blockbuster drugs. And the process might not be worth it if research shows the benefit of cannabinoids is small compared with other therapies.

Here's a first look at how many Australians are taking medicinal cannabis

For industry, the TGA's decision to down-schedule but require ARTG approval could be seen as helpful to ensure quality and restrict supply. It has been estimated there is a potential for hundreds of millions of dollars of market in Australia and crop development is already underway. So, major investment into drug development by a CBD company could be financially rewarding, as long as the standards are met.

Cbd australia

Hemp and CBD are not the same thing. Unfortunately, many unscrupulous marketers use the terms interchangeably to try and capitalizes on CBD’s popularity.

On average most people pay between $4-10 per day for their CBD oil medication.

Many people think buying unregulated CBD oil online is cheaper but this is often not the case as online CBD oils are often low quality and inconsistent. The regulated oils you get from a pharmacy with a doctor’s prescription are high quality, consistent, medical grade products.

What Medical Conditions can be Treated with CBD oil?

Broad spectrum CBD oil is ideal for those Australians looking to benefit from the ‘entourage effect’ while still being legally able to drive without the risk of testing positive for THC.

A 2017 report from the World Health Organization provides a long list of medical conditions for which CBD may have therapeutic benefits, however, more research is needed before making definitive conclusions.

Price

In most states in Australia, most GPs and specialists can prescribe CBD oil. However, they will need to apply under the special access scheme.

CBD is only one single atom arrangement away from being THC.