Is the government finally recognising the potential of a medicinal cannabis industry?

Is the government finally recognising the potential of a medicinal cannabis industry?
Cannabis Health News

New MHRA guidance for the approval of unlicensed cannabis medicines in the UK is recognition of both the health and economic benefits of a domestic industry, say experts. The Medicines and Healthcare products Regulatory Agency (MHRA) published new guidelines earlier this month to support companies applying for authorisation of unlicensed cannabis-based products. According to the regulator an increasing number of companies with ‘no previous pharmaceutical experience’ are entering the sector with a view to cultivating, processing and manufacturing cannabis-based products. This makes the process more complex, as companies wishing to manufacture cannabis-based medicinal products or active pharmaceutical ingredients require authorisation by both MHRA and the Home Office. The MHRA says it currently isn’t possible to operate both authorisation processes independently because each requires some aspects of the other. As a result discussions have been held between the two departments to explore how they could provide a ‘joined up’ approach to the approval process to meet the needs of both the industry and the government.  This new approach is outlined in a recent blog post by the MHRA, clearly setting out each stage of the process.  Source: MHRA The groundwork for a ‘healthy’ domestic industry The update has been welcomed by some who say the increase in ‘transparency’ will ‘encourage investment’ and ‘lay the groundwork’ for a ‘healthy’ domestic medicinal cannabis industry in the UK. It also signals government recognition of the potential of the sector to boost the UK’s economic growth and the health of the nation. Several industry leaders have previously called for a more ‘streamlined’ approach to the licensing process, including the Centre for Medicinal Cannabis (CMC), which highlighted this in its Hodges Review and Decalogue reports earlier this year outlining recommendations for the sector. In a statement bosses at the CMC said the announcement resolves an issue…

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