Huge potential in Australia's medicinal cannabis market

Australia

Currently, the legal medicinal cannabis market in Australia is estimated to be worth A$17.7 million. Not so impressive, but forecasts by Prohibition Partners, as reported by SBS News, predict an enormous explosion in this value over the next ten years. By 2024, the market is forecast to reach A$1.2 billion, before hitting A$3.0 billion by 2028.

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This chart shows the forecast value of the legal medicinal cannabis market in Australia from 2018 to 2028.

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Projected medical cannabis market size in Europe by country 2027

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Huge potential in Australia's medicinal cannabis market

Australia