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The global legal cannabis market is expected to double in size over the next five year, and will be worth approximately $146.4 billion by 2025, according to a report by Grand View Research.

This revenue growth is largely expected to be driven by the increasing adoption of cannabis-based medicine as a treatment option for conditions such as chronic pain, cancer, and epilepsy. The cannabis industry is now starting to gain traction worldwide due to high consumer demand and the increasing legalisation of recreational and medicinal marijuana.

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Cannabis companies have been cropping up left and right over the last few years, and Australia is no exception. Early movers are already positioning themselves to capitalise on the growing market, which could become worth more than $1.2 billion in Australia alone.

A major hurdle currently facing the industry is the difficulty involved in prescribing cannabis to patients. Consumers who wish to access the drug must go through a specialist appointment and then wait up to four weeks Buy Legal Weed Online
for government approval.

While the process may be challenging, experts say that the government’s current model makes it considerably easier to harvest patient data, allowing medical researchers and regulators to better understand the needs of the Australian patient base. Thankfully, the TGA has also introduced an online access system, allowing patients in some states to submit an application to the state government and the TGA at the same time. Buy Legal Weed Online

Although the Australian cannabis industry has only existed for around three years it has still managed to make considerable headway in the sector, due to its considerable experience in the agri-pharma game.

However, the legal framework around medicinal cannabis is still in a state of flux, and regulation can vary widely from state to state.
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