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Malta to play a Role in the Development of the Medical Marijuana

Minister for the Economy, Investment and Small Businesses Chris Cardona gave a keynote speech during the first edition of the Medical Cannabis World Forum held in Malta. The conference featured industry leaders, academics and resarchers in the medical cannabis field.

 

Minister Cardona said that the country is adamant about positioning itself as a center of excellence with accountability and compliance being critical priorities. Malta has a long and extensive history in the manufacture of pharmaceuticals and this know-how and solid reputation can be translated into the production of medical cannabis. The industry has also yet to utilise multiple technologies ranging from the internet of things, to cloud, to analytics, in its steps towards industrialisation. 

“The prohibition and misinformation on the use of cannabis for medical reasons has overtime hindered substantive research. Globally, we have only scratched the surface of its true potential and ramifications. The full industrialisation of medical cannabis is upon us.The reimagining of business models, practices and products will dominate the sector for the years to come. Locally, the biggest mistake we can make is to underestimate the scale and the potential of the industry.”

 

“Hosting some of the biggest names in the industry, mere months since the government introduced its regulation on the manufacturing of medical cannabis in Parliament, is a true testament to the potential of this emerging competitive industry, and Malta’s agility and embracing of innovation.”

Chris Cardona, Minister for the Economy, Investment and Small Businesses


The conference organisers extended free invitation to hundreds of local doctors and pharmacists, as well as pharmacy and medical students. Minister Cardona addressed the students specifically, expressing how they have a crucial role to play in how far this industry will grow nationally and that cannabis-related careers are now a reality in Malta.

“We know the medicinal cannabis industry is only just coming of age, and we look forward to Malta playing a role in this industry’s future. As we bury the stigma that is associated with cannabis, it’s going to be fascinating to see what comes next”, concluded Minister Cardona.

The Medical Cannabis World Forum is set over two days and aims to set the context of the medical cannabis industry in Europe and in Malta in terms of its recent developments and future potential, and also to provide an indication of the economic impact of this event on the Maltese economy in terms of value added and employment.

 

Source: Press Release by the Ministry for the Economy, Investment and Small Businesses 

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