Posted December 09, 2019 06:10:03With the price of medical cannabis rising faster than its supply, and a growing number of Australians looking to buy their way into the industry, the number of people purchasing their medicine from the black market is increasing rapidly.

A recent report by the Australian Bureau of Statistics revealed that in the first six months of this year, there were more than 30,000 transactions of medical marijuana.

These transactions represent more than 2.2 per cent of the total number of medical supply transactions recorded for that month, the ABS said.

The ABS also noted that at the same time, there have been 1,917 deaths in Australia related to prescription drugs in the past three years.

The rise in demand has come with an increase in supply, with prices in the black-market having risen by as much as 60 per cent since January 1.

There are currently fewer than 20 licensed producers and a range of retail outlets selling medical cannabis.

The Australian Government recently unveiled plans to regulate and tax the industry.

The Government has already announced a range and regulatory measures for the medical cannabis industry, including a crackdown on the supply of cannabis and a requirement for producers to submit to mandatory drug testing.

It is expected that more regulations are likely to be introduced as a result of the proposed new regulatory framework.

Topics:drug-offences,health,health-policy,healthcare-facilities,drug-use,crime,government-and-politics,government,australiaFirst posted December 10, 2019 17:37:21Contact Tracey AlderContact Tricia BroughtonMore stories from New South Wales