Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

News of UN cannabis classification downgrade welcomed

News of UN cannabis classification downgrade welcomed

A World Health Organisation report to the United Nations on the classification of cannabis could help boost exports, says New Zealand’s largest licenced medicinal cannabis company, Helius Therapeutics.

“Cannabis has long been wrongly categorised by the United Nations, lumping it with some of the worst drugs in the world for decades. Changing its UN classification will make international controls and conventions around cannabis less restrictive, ultimately creating a more open global market, driving more research and more medicinal use,” says Paul Manning, Executive Director of Helius Therapeutics.

Mr Manning's comments follow international media reports that member states of the UN Commission on Narcotic Drugs have now received the WHO Expert Committee on Drug Dependence’s cannabis recommendations.

One key recommendation of the report is for cannabis to be removed from the United Nation’s Schedule Four - the most restrictive drug category in place since 1961. The report also recommends that controls on THC medicines are relaxed.

“It’s expected that United Nation member states probably won’t get to formally consider this change of classification until 2020, by which time New Zealand will have its own medical cannabis scheme in place, and Helius will be manufacturing medicinal cannabis products for both local and international markets.

“We can't wait to help the thousands of sick Kiwis who have been advocating for legal access to quality cannabis products for therapeutic reasons for years. With the passing of the Misuse of Drugs (Medicinal Cannabis) Amendment Act late last year legal access will soon be a reality.



“However, with the WHO now recommending a downgrade of the UN's international classification of cannabis, there are set to be even more opportunities for a certified ‘New Zealand Grown’ medicinal cannabis company like ours. Not to mention a potential boost to our country’s export receipts,” says Paul Manning.

www.helius.co.nz

-- ENDS --


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>

ALSO:

Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>

ALSO:

Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>

ALSO:

Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>

ALSO: