Australia

Huge potential in Australia's medicinal cannabis market

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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Medical cannabis market size in the United States 2023-2027
Medical cannabis market forecast in Europe 2023-2027
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Projected medical cannabis market size in Europe by country 2027
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Medical cannabis market size in Europe by country 2023
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Number of medical cannabis patients in Europe by country 2027 forecast
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Number of medical cannabis patients by U.S. state 2027 forecast

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