Welcome to UK420

Register now to gain access to all of our features. Once registered and logged in, you will be able to contribute to this site by submitting your own content or replying to existing content. You'll be able to customize your profile, receive reputation points as a reward for submitting content, while also communicating with other members via your own private inbox, plus much more!

This message will be removed once you have signed in.


bongme

Can the UK’s post-Covid economy benefit from a booming medical cannabis industry?

hi

 

Can the UK’s post-Covid economy benefit from a booming medical cannabis industry?

As the government tries desperately to salvage a shattered economy, an unlikely but profitable lifeline presents itself: medical cannabis.

Cue tired old jokes about how the only way people have been able to cope with the disruption of the past six months is by getting stoned. Finished? Now listen — because the medicinal cannabis industry is booming, and deserves to be taken seriously.

In the last decade, the medical cannabis market has matured in North America, producing impressively high yield results for patients and economies alike. Here in the UK, the sector lies tantalisingly close to unlocking the full potential of the market. 

 

Just as the staggering economic damage of the pandemic is becoming all too apparent, the traditional barriers of British scepticism and the uniquely negative connotations surrounding medical cannabis are due a rethink.

In the wake of the high-profile case of Alfie Dingley, who was issued with the first ever permanent medical cannabis license on 19 June 2018, a legal change in November 2018 enabled specialist doctors in the UK to prescribe cannabis-based products for medical use (CBPMs) for patients where other treatments haven’t worked. 

Yet despite the change in law, patients still found themselves struggling to gain access to the much sought-after treatments without an expensive private prescription. In the face of frustration and campaigning from desperate patients and their families, health secretary Matt Hancock launched a review into barriers faced by patients when accessing CBPMs. 

Unfortunately, one year on from that review, not much seems to have changed. Indeed, my co-founder Hannah Deacon, the mother of Alfie, recently wrote for City A.M. about her own struggle to access medicine for her son.

 

The problem largely lies in the lack of education for stakeholders, primarily the medical community. Although there have been many trials and tests of CBPMs around the world, the UK typically only accepts research conducted by the UK. 

This has resulted in a lack of long-term data available to the clinicians, as the Randomised Control Trials (RCTs) that medicines rigorously go through before being commissioned by the NHS have not been conducted for the majority of CBPMs. 

Coupled with a lack of meaningful training for primary care providers concerning medical cannabis, this has meant there is simply a lack of confidence in doctors to prescribe the treatments. 

Part of the solution is obviously more RCTs and higher levels of education available to the clinicians. But these issues are only part of the problem. The political discourse concerning medical cannabis and the knee-jerk aversion ministers appear to have to the industry must be addressed — and it would be in the best interests not only of patients but of the entire UK economy to do so. 

According to a report by the Prohibition Partners earlier this year, the UK’s legal cannabis market is anticipated to reach over £2.3bn by 2024.

 
 

This figure should not be surprising. Despite the government’s angst and the NHS’s issues with CBPMs, the UK is the world’s largest exporter of medical cannabis. Investors and the big pharma companies headquartered in England have been cashing in on the “green rush” of this emerging market, and profiting greatly as what we grow here is shipped and sold overseas. 

With the global CBD market expected to be worth more than $89bn by 2026, anyone can see the potential of this flourishing UK industry that is both creating jobs and luring investment. Even the most hardline cannabis sceptics should be willing to admit the positive boost that embracing  medicinal cannabis could give the UK  struggling economy, especially at such a delicate time.

That means updating our rules and our attitudes. Somehow, we have to get over the polarisation of this debate. Cannabis tends to be seen as either harmless or deadly, normalised or anti-social. But CBPMs, just like any other medicines, are complex

Of course, clinicians and patients need to be fully informed, and the risks should be acknowledged, with further study to minimise them. But both the benefits for patients and the economic potential are undeniable. 

Britain should embrace the inevitable rise of the industry, and capitalise on it. This is a field where the UK can be a global leader, but if it keeps dragging its heels, it won’t just be patients who will lose out — it will be all of us.

 

https://www.cityam.com/can-the-uks-post-covid-economy-benefit-from-a-booming-medical-cannabis-industry/

 

Bongme

 

 

 

Share this post


Link to post

no, but it would be blooming marvelous if they stopped arresting people for using cannabis! 

 

would save them money and give them time to solve crimes with a victim too!

 

arresting people when there is no victim is just stupidity redefined.. and simple time wasting and money collecting considering cannabis is now defined and advertised in the media as a natural, safe medicine..

 

 

Edited by twigs
7 people like this

Share this post


Link to post

Hi

 

Quote

As the government tries desperately to salvage a shattered economy, an unlikely but profitable lifeline presents itself: medical cannabis.

 

What would be better and even more money is selling cannabis to everyone as medical cannabis. is only Tiny tiny part of the cannabis world or culture.

 

The Massive big market has not been tapped into yet. plus all these cafes and shops could use a bust after this virus or flu has passed they are going to need it the only working model that works and has done for over 100 years is Hollands way of doing it.

 

Just may...

 

Shot In The Dark By AC/DC ( Premiered on 7 Oct 2020 )

Bongme :yinyang:

 

 

1 person likes this

Share this post


Link to post

The only people that would benefit are the double dealing cunts in parliament and big pharma. Thats how this country rolls now

5 people like this

Share this post


Link to post

Time to get mobile. 

Action speaks athousand words. 

 

Henseforth I will be actively disrupting British Sugar's operations in norfolk

Edited by Ned Flanders
4 people like this

Share this post


Link to post
4 hours ago, Ned Flanders said:

Action speaks athousand words. 

 

The pen is mightier than athousand s words

I'm mobile, now that's two of us, when do we start?

1 person likes this

Share this post


Link to post

We don't start anything. 

Not together anyway. 

 

Indeviduals acting independently is the only way now. 

2 people like this

Share this post


Link to post
11 minutes ago, Ned Flanders said:

We don't start anything. 

Not together anyway. 

 

Indeviduals acting independently is the only way now. 

 

Fair enough, but look, it just happened! We just started a conversation:D

 

 

                                       

1 person likes this

Share this post


Link to post

Tell me about schmoak... 

What is schmoak? 

How did the fledgling schmoak evolve to become the schmoak of today? 

What does schmoak love to do? 

2 people like this

Share this post


Link to post

I think the author of the original article is making a rather large assumption in thinking there's gonna be a post-Covid UK economy...

Share this post


Link to post
2 minutes ago, Boojum said:

I think the author of the original article is making a rather large assumption in thinking there's gonna be a post-Covid UK economy...

Come on, we have 'oven ready' trade deals with several small African states already!

Edited by Mugwuffin
1 person likes this

Share this post


Link to post

lol

 

Aye, the future's so bright I've gotta wear shades :B):lol

Share this post


Link to post
37 minutes ago, Ned Flanders said:

Tell me about schmoak... 

What is schmoak? 

How did the fledgling schmoak evolve to become the schmoak of today? 

What does schmoak love to do? 

 

 :rofl::cheers: Good on you Ned Flanders.

Share this post


Link to post

How are things?  @Ned Flanders  Cheers for asking.  Schmoak is simply there watching the wheels go round and round, privately and quietly growing in the sticks but appearing largelol in public on UK420!  You previously declared a call for "Action" which is so radical and revolutionary for the times that one felt inspired to offer support even if  it's just the thought that counts.

 You ask how did one evolve?. . . .           By opening new doors. . . . very much an individual choice/action, true.

 And love to do? Well back in the day it was bringing m'lady her MilkTray, nowadays it's scaled back to composing the soundtracks for up and coming movies:yep:

 

 

 

1 person likes this

Share this post


Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now