Research and development into medicinal cannabis has fallen victim to the financial pressure companies are under, as business leaders lamented the lack of more convincing efficacy data to present to the health regulator.

Amid observations from the Therapeutic Goods Administration (TGA) that R&D has not progressed as intended since legalisation in 2016, senior executives acknowledged that reality but said companies have been constrained by a lack of capital.

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Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

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