First up here are those inforgraphics Canada is doing very well !
From another section of the Cannamonitor newsletter they highlight this interesting number
Quebec government-owned retailer sold 122 tonnes of cannabis in FY2024.
Here’s the introduction to their piece deep diving into the market dynamics
Australia’s Medical Cannabis Boom: Breaking Import Records and Shaping Global Trade
Australia’s medical cannabis market has undergone a remarkable transformation over the past few years, cementing its position as one of the largest federally legal cannabis markets in the world.
Fuelled by regulatory reforms, an increasing number of patients, and a surge in international trade, the industry is growing at an unprecedented rate.
This article delves into the evolution of Australia’s medical cannabis market, with a particular focus on the rapid expansion of international trade, market dynamics, and the future outlook for this burgeoning industry.
Table of Contents
Surging Imports Fuel Australia’s Growing Cannabis Demand
In 2023, Australia’s medical cannabis market reached new heights with the importation of over 42 tonnes of cannabis, marking a 69% increase compared to the previous year. This surge in imports is a clear indication of the country’s growing demand for cannabis products, driven by an expanding patient base and evolving product preferences.
Canada continues to dominate as the top supplier, with exports to Australia soaring by 60% to 34 tonnes. Other countries, including South Africa, Denmark, and Portugal, have also significantly increased their exports to Australia, reflecting the global interest in tapping into this lucrative market. For instance, South Africa’s exports skyrocketed by 201%, reaching 1.8 tonnes, while Denmark and Portugal saw increases of 101% and 72%, respectively.
Interestingly, new entrants like Uruguay and Thailand have begun exporting to Australia, albeit in smaller volumes. This diversification of supply sources suggests that Australia is becoming an increasingly attractive destination for global cannabis producers.
Read the full article
Australia’s Medical Cannabis Boom: Breaking Import Records and Shaping Global Trade
