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.

Description

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

Report

Download Chart

URL to be used as reference link:

https://www.statista.com/chart/15946/forecast-value-of-medicinal-cannabis-market-australia/

HTML code to embed chart

<a href="https://www.statista.com/chart/15946/forecast-value-of-medicinal-cannabis-market-australia/" title="Infographic: Huge potential in Australia's medicinal cannabis market | Statista"><img src="https://cdn.statcdn.com/Infographic/images/normal/15946.jpeg" alt="Infographic: Huge potential in Australia's medicinal cannabis market | Statista" width="100%" height="auto" style="width: 100%; height: auto !important; max-width:960px;-ms-interpolation-mode: bicubic;"/></a> You will find more infographics at <a href="https://www.statista.com/chartoftheday/">Statista</a>

Medical cannabis market size in the United States 2023-2027

Medical cannabis market forecast in Europe 2023-2027

Projected medical cannabis market size in Europe by country 2027

Medical cannabis market size in Europe by country 2023

Number of medical cannabis patients in Europe by country 2027 forecast

Medical cannabis market size forecast by U.S. state 2027

Related Infographics

Legal Weed

Cannabis and CBD

Medical marajuana

Cannabis

Cannabis Industry

Drugs

FAQ

The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL. More Information
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
For individual content and infographics in your Corporate Design, please visit our agency website www.statista.design

Any more questions?

Get in touch with us quickly and easily.
We are happy to help!

Do you still have questions?

Feel free to contact us anytime using our contact form or visit our FAQ page.

Statista Content & Design

Need infographics, animated videos, presentations, data research or social media charts?

More Information

Huge potential in Australia's medicinal cannabis market

Australia