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Cusp of a new medicinal cannabis industry in Fiji

Deputy Prime Minister and Minister for Trade Manoa Kamikamica says his Ministry has undertaken a consultancy firm to prepare a feasibility study to see how medicinal cannabis is beneficial to Fiji’s economy.

Speaking to FijiLive, Kamikamica said this is after the Cabinet wanted further public consultations and a feasibility study before it endorses final approvals before moving on to the legislation’s key aspects.

Kamikamica said a report would be ready by the consultants by May, which then would be given back to Cabinet for approval.

He said Fiji is at the cusp of a new type of industry since the discussions began on medicinal marijuana in the country – The government is moving things as best as it can.

He added that medicinal marijuana is a lucrative market for Fiji with an estimated annual return of $140 million earned once the industry is up and running.

Kamikamica said close to $100 million has been committed by local and overseas investors to see the project start.

In February, the Prime Minister outlined a policy framework guiding the establishment of the medicinal cannabis industry outlines the Taskforce’s work to include (but not limited to), the following:

  • Develop a comprehensive feasibility study that includes conducting nationwide consultation;
  • Establish a mechanism to allow foreign investors to establish the medicinal cannabis industry in Fiji;
  • Review and amend relevant laws to facilitate the medicinal cannabis industry in Fiji and
  • Devise and create the right and appropriate policies and laws for the medicinal cannabis industry in Fiji
Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com

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