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Australian cannabis industry could make $1 5b per year

An industry report has warned Australia risks losing a billion dollar industry. Business by Mitchell Van Homrigh Premium Content Subscriber only Australia risks losing a billion dollar industry if medicinal cannabis is not correctly regulated, an industry report has warned. The report, published by FreshLeaf Analytics, forecasts Australia s medicinal cannabis industry will double in size from $100m to $200m by the end of the year. Currently there are about 45,000 people accessing medicinal cannabis legally in Australia but this will likely reach 75,000 patients by the end of 2021, according to the report. Associate Professor Bronwyn Barkla, Director of the University s Southern Cross Plant science, and Associate Professor Tobias Kretzschmar will help to underpin pioneering research into the medicinal cannabis industry in NSW

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