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the benefits of medical cannabis through direct contact with local patients. The medical cannabis industry in South America has great socioeconomic potential via foreign investments.
South American companies focus on local markets, contrary to Australian companies that show interest in the global market. The Australian companies mostly seek international partnerships that can provide them with knowledge, innovation and access to foreign markets. This is most likely due to the infancy of the Australian market, which became legal this year.
Regionally, price on medical cannabis varies. In South America, prices are lower because of the cheaper workforce available, which due to the income disparity in the region also benefits the patients. In North America, pricing competition is common, which means that pricing offers often are used to attract customers. Price is a subject of debate in European and Australian countries, while the Israeli Government sets fixed prices.
The global growth and the advancements made within the medical cannabis industry do not reflect is to a large extent a results of the motivation of the companies to deliver safer and more efficient medical cannabis products. Looking forward, cost saving activities such as green marketing and collaborations with national and international industry players are well-known methods that the companies in the medical cannabis industry use to strengthen their competitive position and extend market presence.
The successful expansion of the medical cannabis industry and positive social outcomes are changing political opinions around the world. Along with a rising international pressure to change the approach to reduce the presence of drugs, the global industry is influencing legal decisions in different countries to treat medical cannabis as a prescription with a real potential for health treatment.
The health efforts of the international industry have created a growing market for medical cannabis.
A wide range of methods for medical cannabis treatment have been developed, from capsules to vaporizers, creams, and sprays, etc. These delivery methods provide a healthy alternative to smoking cannabis, which still remains the most popular ingestion method among patients.
Appropriate guidance on use and effects is a central theme to ensure safe and efficient treatments.
Ethical conduct is at the heart of the global medical cannabis industry. The companies are not only focused on providing a safe medicine to patients with a wide range of medical conditions, they
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actively fight the stigma on the medical cannabis industry. This is necessary to justify the activities of the companies to ensure the development of a healthy industry. Unethical conduct results in termination of the core business activities of the companies.
In conclusion, the global industry for medical cannabis industry is growing fast as a direct result of the increasing political acceptance and a rising demand for medical cannabis. The primary
motivation for the companies in the industry is to help patients improve their quality of life by offering an alternative treatment in the form of medical cannabis.
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Retrieved 30 May 2016 from: http://www.intgold.com.au/IRM/PDF/2305/
DefinitiveAgreementsignedwithWinterGardenBiosciences