Tag: australia
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How Big Will Australia’s Legal Cannabis Market Be By 2030?
Australia’s medical cannabis market is one of the largest legal markets on the planet, with many companies based in other countries exporting medical cannabis products to Australia. Domestic medical cannabis production occurs in Australia as well. Australia’s medical cannabis industry imported over 42,000 kilos of medical cannabis products in 2023 alone. By comparison, Australia’s domestic medical cannabis…
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Legal Cannabis Sales Could Create 17,000 Jobs In Victoria
A concerted push has been underway to legalize cannabis for adult use in Australia, including in the Australian state of Victoria. According to a new report compiled and published by the Penington Institute, permitting legal adult-use cannabis sales could create a significant number of new jobs in the area. “Legalising cannabis for adult use could…
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Australia Is On Pace For 200,000 Medical Cannabis Approvals In 2025
Australia originally adopted its current medical cannabis legalization policy in 2016. The approved 2016 medical cannabis measure permitted registered healthcare professionals to prescribe cannabis-based products to suffering patients. Since that time, Australia’s medical cannabis market has increased in size and market value, and according to recently reported statistics, Australia is on pace to set a…
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How Much Hemp Does Tasmania Grow?
Tasmania is an island state of Australia, located 240 kilometers to the south of the Australian mainland. Tasmania’s government is currently working to overhaul the Industrial Hemp Act 2015, which currently serves as the legal framework for Tasmania’s emerging hemp industry. “A recent report showed that Tasmanian hemp fields remained severely contracted in the 2023-2024…
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Medical Cannabis Packaging Market Projected To Reach $117.2 Billion By 2032
The global cannabis packaging market is projected to reach $117.2 billion in value by 2032 according to a recent analysis by Astute Analytica. The entity describes itself as “a global analytics and advisory company.” “The global medical marijuana packaging market was valued at US$ 6.5 billion in 2023 and is projected to reach US$ 117.2 billion…
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How Big Is Colombia’s Medical Cannabis Export Market?
Colombia has a long history with the cannabis plant, albeit not always involving a regulated industry. The South American nation legalized medical cannabis and industrial hemp in 2016 and 2021, respectively. Cannavigia, an international cannabis compliance and production management company, estimates that Colombia’s commercial cannabis cultivators can produce dry cannabis flower for $0.06 and $0.40…
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How Many Countries Have Legalized Medical Cannabis?
According to a recent study conducted by researchers from Ukraine and France, and published by the U.S. National Institute of Health, 57 countries have adopted medical cannabis legalization measures. Israel was the first country to adopt a national medical cannabis legalization measure (1999), and Ukraine was the most recent (2024) as of the posting of…
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How Much Tax Revenue Would Cannabis Legalization Generate In Australia?
Australia is home to a legal medical cannabis industry, with regulated medical cannabis approvals in Australia reaching 304,000 in the first half of 2023. That marked a 120% increase over the same period in 2022. “Rhys Cohen of the Victoria, Australia-based Penington Institute estimated that Australian patients spent roughly 250 million Australian dollars ($167 million)…