MJBizMag September 2020 - 64

AFFAIRS
FOREIGN
New Medical Cannabis Approvals in Australia by Month
Source: Therapeutic Goods Administration, " Category B " applications
Copyright 2020 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved.
AUSTRALIA
Australian authorities expect
the number of medical
cannabis prescriptions this year will
more than double the 30,000 approvals
from 2019, signaling impressive growth
in this nascent market.
While the country's market is relatively
young, just about every metric-patient
approvals, prescriptions, corporate
participation-has experienced strong
growth in recent years. That's not a
given. New markets should expect some
turbulence in the early years, as regulators
and corporate managers align their
approaches with public-policy objectives.
The Therapeutic Goods Administration
approved roughly 14,000 Special Access
Scheme Category B (SAS B) cumulative
applications, or prescriptions, in 2020
through April. The gains have continued
since then, with more than 5,500 patient
approvals in July alone-the biggest
one-month increase on record. (See chart
" New Medical Cannabis Approvals in
Australia by Month. " )
The country is one of the largest
centrally regulated medical cannabis
Brazil's National Sanitary Surveillance Agency (ANVISA) discusses new rules for medical cannabis in
the country. Photo courtesy of Rodrigo Mesquita
markets outside Canada, so revenuegenerating
opportunities exist for
overseas companies.
Besides medial cannabis, the country
is relaxing its narcotics scheduling of
cannabidiol (CBD) to make limited
doses available over the counter, a move
expected to create additional business
opportunities.
Australia's ambition to become an
exporter of medical cannabis will
eventually run up against reality,
64 Marijuana Business Magazine | September 2020
however: Few countries currently
import cannabis in any meaningful
quantity, while about a dozen want to
be exporters.
BRAZIL
As of mid-2020, Brazil was
home to Latin America's
only major medical cannabis market;
most Brazilian patients access cannabis
through a program designed to be used
in exceptional cases.

MJBizMag September 2020

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