Australia Legal Cannabis Market Share by Application 2030
Australia Legal Cannabis Industry Overview The Australia legal cannabis market size was valued at USD 66.0 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 29.6% from 2023 to 2030. The growth of the market is propelled by the increasing public knowledge of the health benefits of cannabis intake. The growing legalization of marijuana, mostly for medical purposes, is also expected to contribute to the growth of the market in Australia. Some other primary factors fuelling the growth include the expanding legalization, the growing patient population, additional government support, and the presence of local and foreign players in the country. Gather more insights about the market drivers, restrains and growth of the Australia Legal Cannabis Market The increase in medical marijuana output as a result of increasing demands in the pharmaceutical sector is boosting the overall growth of the market. Increased opioid toxicity is expected to increase deman...