Also an illustration that Australia has actually been incapable of developing a domestic production base for medicinal cannabis and even with skyrocketing demand companies are failing dismally we hope that when realistic legislation appears on the Australian horizon there is a complete overhaul of the Australian medicinal cannabis business from top to bottom
MJ Biz
(This is the second in a two-part series on Canada’s medical cannabis exports. The first installment is available here.)
Australia and Israel were the top markets for Canada’s medical cannabis exporters last year, as the quantity of flower shipped overseas continued to surge, according to new figures shared by Health Canada with MJBizDaily.
In the April 2022-March 2023 fiscal year, Canada’s exports of medical marijuana flower were 59,986 kilograms (roughly 132,200 pounds), a 48% increase over the previous year’s 40,640 kilograms.
The vast majority of exports, however, went to only three countries, meaning exporters risk being dependent on a very small number of markets.
Almost 80% went to Australia and Israel, which together were responsible for importing 47,332 kilograms of Canadian flower.
Germany was the next-biggest importer, accounting for 9,560 kilograms, or approximately 16% of the total, according to the Health Canada data.
More at
https://mjbizdaily.com/australia-israel-top-destinations-of-canadian-medical-cannabis-exports/
