Over two thirds of Australia’s population supports the legalization of medical marijuana, and only 9 percent opposes it. They may have reason to celebrate this August.
A Senate committee representing all of Australia’s major political parties is preparing a Regulator of Medicinal Cannabis Bill. The leader of Australia Greens, Richard Di Natale, initiated the bill in November last year. The committee received the bill in February and after conducting public hearings and attracting nearly 200 public submissions, it is set to present its report on August 10th.
Prime Minister Tony Abbott expressed support for the bill last year:
“I have no problem with the medical use of cannabis just as I have no problem with the medical use of opiates.”
The medical marijuana industry could become a major source of economic growth for Australia in the future. This is already happening in the US – the industry is estimated to top $14 billion by 2020, while the global marijuana market is expected to reach $100 billion once fully mature.
Today, Australian federal legislation criminalizes cannabis for both recreational and medicinal purposes, with the exception of limited growth and possession of pot as medicine in some individual states.
Keep your fingers crossed! Even if you don’t live in Australia, the law could inspire end to prohibition in many other countries and help get the ball rolling globally.
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