Report: UK Taskforce On Innovation Growth & Regulatory Reform

CANNANNEW REPORT

BusinessCann did a deep dive into the report and with regard to cannabis highlights the following  … And, today the 130-page Final Report by The Taskforce on Innovation, Growth and Regulatory Reform (TIGRR) recommends a significant overhaul of the current system. Report authors ex-Tory leader Sir Iain Duncan-Smith and MPs George Freeman and Theresa Villiers highlight two problems with the existing hemp and cannabinoid licensing rules. Rules Based On Patient Benefit And go on to say in a recommendation summary that: ‘Regulation of medical cannabinoids and medicinal CBD should move from the Home Office to the DHSC / MHRA (Department of Health and Social Care and Medicines and Healthcare products Regulatory Agency) to create a regulatory pathway for assessment and approval based on patient benefit.’   CTA “Grow Our Own” Prof Mike Barnes, Chairman of the recently-formed Cannabis Industry Council said: “it is really important that there is a clear pathway to licensing both for industrial hemp licences and high-THC cultivation licences. This can only help the development of a thriving cannabis industry with consequent job creation and government tax income. “Better inter-governmental co-operation must be beneficial as long as those involved understand that cannabis is a plant and not a pharmaceutical product.” Siân Phillips, Managing Director, of the Cannabis Trades Association, welcomed the moves to free-up hemp cultivation – which should remove the restrictions on the use of flowers and leaves – but expressed concerns over its failure to recognise the sustainable benefits of the hemp plant and how the process will impact over-the-counter CBD and vaping industries. Jamie Bartley, CEO, of Unyte Hemp and a member of the recently-formed UK Cannabis Industry Council welcomed the suggestions. He went on to say: “We need to remove cannabis from the Misuse of Drugs Act in its entirety, there is no evidence of harm and there is lots of evidence of its…

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Source : Report: UK Taskforce On Innovation Growth & Regulatory Reform

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