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Australian Senators Endorse Bill to Legalize Cannabis

Richard Battle

August 12th, 2015

Policy, Top News

A cross-committee group of Australian senators endorsed a bill to legalize medical marijuana, although the Health Department believes that it could create a regulatory nightmare. In particular, some are concerned that the bill will clash with the Therapeutic Goods Act, which could lead to a lack of clarity about the exercise of jurisdiction by agencies and potentially inconsistencies with other existing laws that are already on the books.

The Therapeutic Goods Administration is tasked with processing pharmaceutical products, but many believe it’s ill-equipped to handle herbal medicines. While the department isn’t necessarily opposed to the legalization entirely, the concern is that the bill on the table leaves out some important legal and practical issues that should be resolved.

The bill was introduced into Parliament last November and sent to committee in February. After public hearings attracted nearly 200 public submissions, the committee delivered its final report on the matter on August 10th. While the Department of Health made it concerns clear, the senators indicated that none of them were insurmountable, especially since other countries have managed to legalize marijuana without violating any conventions.

According to recent surveys, two-thirds of Australians now back the use of medical marijuana, while only 9% of people oppose it. Prime Minister Tony Abbott also threw his support behind legalization of the drug last year, which has added to the favorable political climate.

With the changing political tide and broad public support, it’s likely that the country will see legalization of medical marijuana within the next few years.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Richard Battle

Mr. Battle has over a decade of experience in the financial markets as both a private investor and financial journalist.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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