Malta: Minister expects fast growth of medical cannabis exports

Malta’s medical cannabis exports will reach €1 billion by the industry’s third year of local operations, Economy Minister Chris Cardona said on Monday. 

He said that in three years' time Malta will start exporting its first medicinal cannabis products, once the €140 million Hal Far cluster of businesses is up and running. 

Dr Cardona was visiting the site ahead of the second Medical Cannabis World Forum that will be bringing together global industry experts and professionals for a three-day conference on the island starting on Tuesday.

The event is mainly focused on legislation and the regulatory framework of this emerging industry, and will bring together business leaders, policymakers, and over 100 speakers.  


400 patients making use of medical cannabis in Malta

Over 400 patients are using medical cannabis in Malta, Health Minister Chris Fearne has said.

The Deputy Prime Minister was speaking during the Medical Cannabis World event, where he stated that this was only made possible by recent legislation introduced by parliament in 2018.

Fearne also said that despite the success, the industry still faces a number of challenges.

According to the health minister, patients must be educated on the use of medical cannabis, while stating that the safety should always be first on the agenda.

Fearne also stated that research and clinical evidence on medical cannabis still pose a challenge.


Malta to export $1.4 billion of medical marijuana by 2023

Malta announced its plans to gain footing in the pot industry and is aiming to ship out about $1.4 billion worth of medical cannabis products by 2023.

At the tail end of his visit to Canada and the U.S., Maltese Prime Minister Joseph Muscat told Television Malta (TVM), “Exportation will begin in the first quarter of next year.”

“We are estimating that exports by Year 3 of these companies will reach more than one billion Euro and that 900 jobs will be made available, however, we can attract even more players in this respect,” he added.


How Malta is attracting medical cannabis investment and growth

Malta Enterprise wasted no time in creating a regulatory framework for medical cannabis investment ensuring a brighter future for the strategically situated island.


Malta: paving the way for cannabis research and development

Talking about the wider landscape of medicinal cannabis research and development in Malta, John Charles Ellul explains more.

John Charles Ellul serves as Advisor to the office of the Prime Minister in Malta. Attending the MJBiz European Cannabis Symposium in May, he emphasised the importance of the medicinal cannabis market to the island, along with the cannabis research and development.


Let’s talk Malta: open for investment in medical cannabis

Malta is looking to attract foreign investment in its nascent medical cannabis industry, as Chris Cardona and Mario Galea told audiences at the 2018 Medical Cannabis World Forum.


Malta: Gana aims to combine artificial intelligence and blockchain technology to transform the medical cannabis industry

GANA AI will be capable of clustering similar groups of mobile app users to verify a statistical hypothesis. Research data will also be acquired by GANA from surveys, labs, communities, and academic sources and inputted into the GANA AI. Data will be hashed and posted to the Ethereum blockchain for assurance of data integrity.

Hashed data also allows for the tracking and identification of corrupted or malicious data, allowing for transparent, third-party auditing of GANA AI's network performance and accuracy.


Medical cannabis will be in Maltese pharmacies "within a week"

The first batch of medical cannabis could be in Malta "within a week" after Aurora announced it has begun shipping two strains of medical cannabis to Malta - Pedanios 22/1, and Pedanios 20/1. They began shipping the products yesterday.


These are the top 4 marijuana stocks with international expansion plans

As cannabis legalization spreads across the North American continent, industry insiders and pot stock investors alike look to diversify their portfolios in the global marijuana trade. With Canada on track to become the first G7 nation to legalize both recreational and medical cannabis nationally, overcrowding in the market is becoming an issue for stakeholders on all sides. It’s the reason why cannabis companies are starting to look for more opportunities internationally. These are the top four marijuana stocks with international expansion plans:


Malta's first cannabis control card has been issued - But there's a catch

The first batch of cannabis control cards have been issued in Malta, taking patients one step closer to accessing their prescribed medicine. 

However, the first man in Malta to get the control card has already become exasperated with the process after being told the control card is just the first stop in a long process to get his medicine.

"They're making it even harder than it is," says Aaron Pavia, who suffers from chronic pain after a motorcycle crash years back.

"It's taking longer than expected, loads of time being wasted to get the medicine, and it will take me another month or two before I get anything."


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