Weed Week: Australian medical cannabis prescriptions are soaring
Health & Biotech
9 hours ago|Derek Rose
The number of medical cannabis prescriptions issued under Australia’s special access scheme just keeps on growing.
There were a record 9,959 SAS Category B marijuana prescriptions issued in March, two and a half times the number from a year ago, Australia’s Therapeutic Goods Administration disclosed this week.
February’s 8,057 approvals were the previous record. There had been an average of 5,000 prescriptions issued in the previous 12 months.
Source: TGASince the medical marijuana access scheme was implemented in 2016 there have now been over 100,000 prescriptions issued to an unknown number of patients. (The TGA says it receives de-identified applications and can’t match them to individual patients.)
These figures don’t even include prescriptions written by “authorised prescribers” who often prescribe a high volume of cannabis and don’t have to seek TGA approval for each individual script.
As of the end of February, there were 215 “authorised prescribers”, up from 179 at the start of the year and just 29 in December 2019.
Under the TGA’s rules patients can access marijuana to treat cancer and non-cancer pain; anorexia and wasting associated with chronic illness; chemotherapy-induced nauseua; and other conditions.
Elsewhere this week, in North America, a legalisation bill advanced in the US state of Connecticut as well as in Mexico.
Meanwhile, of the 36 companies in the ASX cannabis sector, 15 gained ground over the past week and 11 lost it.
The biggest gainer wasEve Investments, up 16.7 per cent to 0.7c on no news.
MGC Pharmaceuticals(ASX:MXC)has been the best performer year-to-date, up 180 per cent to 7c.
EVE EVE Investments 0.7 16.7 -0.2 -40.0 $23,058,851 MXC Mgc Pharmaceuticals 7 12.9 4.5 191.7 $155,003,662 BDA Bod Australia 52.5 11.7 3.5 34.2 $52,382,840 MDC Medlab Clinical 26.5 10.4 2.5 36.8 $82,013,915 EPN Epsilon Healthcare 21.5 7.5 -2 -8.5 $39,995,959 DTZ Dotz Nano 36.5 7.4 12.5 23.7 $139,261,480 AGH Althea Group 51 5.2 7.5 8.5 $131,186,770 IHL Incannex Healthcare 21.5 4.9 6.5 144.2 $227,575,256 WOA Wide Open Agricultur 72.5 4.3 -16.5 -27.6 $65,806,600 ECS ECS Botanics Holding 5.1 4.1 1.2 117.4 $29,507,665 LGP Little Green Pharma 72.5 3.6 16 151.7 $95,932,737 EXL Elixinol Global 18.5 2.8 1 19.4 $58,216,430 CPH Creso Pharma 20.5 2.5 2.5 528.8 $214,893,089 CAN Cann Group 55 1.9 -4 32.5 $152,814,450 ZLD Zelira Therapeutics 6.1 1.7 -3.1 -12.9 $72,609,701 CGB Cann Global 0.8 0.0 0.1 100.0 $41,114,042 CAU Cronos Australia 12 0.0 -1 50.0 $6,807,500 EN1 Engage:Bdr 0.6 0.0 0 9.1 $14,691,429 ESE Esense-Lab 1.8 0.0 0 0.0 $9,180,684 NTI Neurotech Intl 7.6 0.0 3.1 442.9 $47,934,074 RNO Rhinomed 12.5 0.0 -3.5 -26.5 $30,457,096 ROO Roots Sustainable 1.9 0.0 -0.2 -20.8 $10,255,895 SCU Stemcell United 2.2 0.0 0.3 100.0 $18,487,054 SUD Suda Pharmaceuticals 4.6 0.0 0.6 12.5 $16,540,208 YPB YPB Group 0.35 0.0 0.15 -12.5 $14,975,462 EOF Ecofibre 119 -0.8 -71.5 -50.4 $400,456,436 PAL Palla Pharma 48.5 -2.0 -28.5 -30.1 $80,147,016 AC8 Auscann Grp Hlgs 13.5 -3.6 -6 -6.7 $61,676,595 LV1 Live Verdure 25 -3.8 6 $10,607,222 MMJ MMJ Group Hlds 11 -4.3 -1.5 27.8 $25,294,938 APH AP Hemp 41 -4.7 7 141.2 $32,049,307 BOT Botanix Pharma 9.3 -5.1 -3.2 -6.0 $90,502,213 MRG Murray River Grp 24.5 -7.5 -30.5 -57.4 $11,028,786 LSH Lifespot Health 10.5 -8.7 2.8 112.1 $15,667,427 RGI Roto-Gro Intl 4.9 -9.3 -1.4 8.9 $12,571,092 IDT IDT Australia 36.5 -18.0 18 128.1 $100,900,659
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